Bosch Aquires RTI Technologoies
Big news for the Automotive Equipment industry in the form of a press release on December 8th. The Bosch Group announced that it acquired RTI Technologies.
RTI is well known for it’s high quality auto shop equipment. We have been carrying their products for over 6 years now. Their products include – exhaust ventilation equipment, transmission, brake, coolant system and power steering fluid exchange machines, nitrogen tire filling machines and AC Service Machines.
Of course, Bosch is also a well know company. They are a leader in the automotive industry with a very diversified line of products.
Bosch claimed that the main reason for the acquisition was to obtain RTI’s coveted AC Service Machines. They are known industry wide as the best in the business.
This seems to be a smart move on the part of Bosch, as they obtain a very popular product line, and for RTI, because they gain the notoriety of the Bosch name, along with their wide distribution channels.
RTI is based in York, PA and had sales of over 12 million in 2009 with 36 employees. Bosch claims they will be keeping the RTI staff.
It should be a good match. What do you think? Let us know.