The Bosch Group's Automotive Aftermarket business announced it hasacquired RTI Technologies Co., Ltd. RTI Technologies Co., Ltd. specializes in the development and distribution of automotive maintenance equipment including air condition service...
The Bosch Group’s Automotive Aftermarket business announced it has acquired RTI Technologies Co., Ltd. RTI Technologies Co., Ltd. specializes in the development and distribution of automotive maintenance equipment including air condition service (ACS) machines.
The company, based in York, Pennsylvania (USA), had sales of $12.0 million (8.6 million euros) in 2009 and employs 36 associates, all of whom will be retained by Bosch. Terms of the agreement will not be disclosed.
“The automotive air conditioning service is an important opportunity for Bosch to grow its Diagnostic business globally,” said Robert Hanser, president, Automotive Aftermarket, Robert Bosch GmbH. “The acquisition of RTI Technologies offers us an outstanding opportunity to meet the immediate needs of our customers with automotive maintenance equipment, especially air condition service for the next generation refrigerant R1234yf. We are looking forward to providing these innovative products to our customers, especially in the European market, beginning next year.”
Established in 1990, RTI develops, assembles and sells various types of automotive maintenance equipment including the ACS machines in the U.S. market. The business is uniquely positioned to provide access to the technology for new ACS machines to deliver the new refrigerant R1234yf, which will be introduced into the market beginning in 2011 in Europe.