Bosch Group Overview
Company Global Headquarters: Germany
Founded: 1886
Workforce: 286,084
Company Overview: Bosch Group is one of the leading global suppliers of technology and services. The company operates through four business segments—mobility solutions, consumer goods, industrial technology, and energy and building technology. The company comprises Robert Bosch GmbH and around 440 subsidiaries and regional companies in around 60 countries. One the subsidiaries of Bosch Group is Bosch Security Systems Inc. which was founded in 1968 and has around 1,200 employees.
Bosch Security Systems Inc. has its wide product portfolio which includes intrusion detection, fire detection, video surveillance, and voice execution systems. It is a privately held company and has broadly segmented its operations in two segments: Bosch security & safety solutions and energy & building solutions. Bosch security systems segment offers a complete range of specialized services and products for standard or customized applications. The company operates in Mexico, the US, China, Germany, and Portugal and has distribution partners in more than 150 countries. It also caters to various industry verticals such as banking, retail, education, commercial, hospital, hotel, and transportation. The company develops and manufactures security systems in its own production facilities in Europe, the Americas, and Asia.
Strategy
Bosch Rexroth AG is adapted new product development as its key strategy. For instance, it launched the new product, MS2N servo motors with an integrated encoder in SIL3 PLe to improve its market share in the global market. Additionally, the company strategizes to design highly efficient high-speed motors and focuses on improving the performance of high-speed motors for various industrial applications. Furthermore, it is continuously working on product upgrade to enhance working, efficiency, productivity and resource-saving techniques over the entire cycle of the product. For that, the company focuses on performing monitoring, transformation, and maintenance of the product, from the engineering phase to commissioning phase. Furthermore, it strategizes to focus on is digital transformation and smart collaborations to work with groundbreaking technologies.
