Anti-trust authorities approve takeover of Loos

Employing some 600 people, Loos generated sales revenues of approx. EUR 130 million in the past financial year. The takeover means that Bosch continues its strategy of strengthening its Consumer Goods/Building Technology and Industrial Technology business sectors. In organisational terms, the company will become part of Bosch’s Thermotechnology Division.

The new unit will be managed by Dr. Joachim Lenz (Chairman), Martina Loos and Rudolf Hofmann. Lenz will take over responsibility for technology, development and production from Jochen Loos. Joachim Lenz will remain in charge of production in the “Floor-standing boilers” segment of Bosch Thermotechnik GmbH, while Martina Loos will remain in charge of Economy and Finance. Rudolf Hofmann, former Sales and Marketing Manager of Loos Deutschland GmbH, will be responsible for international distribution and product management.