European Automotive News - May 27, 2011

    Frankfurt - Robert • Bosch intends to sell its foundation brake business buyers in Asia, is expected by the end of divestiture, two insider familiar with the transaction said.

    "Foundation brake business, low-tech, so this is not very large manufacturers interested in competition. And manufacturers do not expect to see a degree of supplier concentration further aggravated." One source said.

    Brake market by large suppliers such as Continental AG (ContinentalAG) and TRW (TRW) monopoly. In other areas of automotive components, global operators increasingly focus on high technology components, and will be based on commodity components to low-cost competitors transfer.

    Two people familiar with the transaction said the world's largest auto parts maker Bosch (Bosch) hopes to obtain the transfer of 500 million euros (7 billion).

    Bosch (Bosch) has been the basis of the North American market for sale to the dawn of the Ministry of brake brakes Industry Co., Ltd. (AkebonoBrakeIndustryCo.), but earlier this year outside of Japan to terminate the foundation brakes in North America in talks to buy the business, making Bosch (Bosch) shall not New buyers do not find another.

    "Bosch (Bosch) foundation brake business of the assets sold to Asian companies interested," worked at Robert Bosch GmbH, a bank officer said.

    Asian companies, especially Chinese companies want to advance to the Western markets, they are increasingly successful.

    Wanhua (Wanhua) entered the Hungarian German automotive supplier Po Division (BorspdChem), Chongqing Light's agreement to buy German supplier of chemical fiber Sa solid density (Saargummi).

    Industry observers said the deal could have on South Korea million (Mando) a class of companies that are attractive, Mando (Mando) to expand the European market, and recently and BMW (BMW) reached a supply agreement.

    Bosch (Bosch) has hired Macquarie brake control based on the sale of the business, with the aim of the foundation brake business as a full business sale, but company insiders say it may be difficult to achieve, brake businesses may open for sale.

    Basis of brake business up for sale about 900 million euros sales department in Europe, Asia and Australia employ roughly 5,000 outlets in 34 people.

    Other possible bidders include private equity firms.