At the end of 2017, Bosch successfully consummated the scheduled sale of its subsidiary SEG Automotive Germany GmbH, the former Robert Bosch Starter Motors Generators Holding GmbH, together with all subsidiaries, to the purchaser consortium ZMJ (Zhengzhou Coal Mining Machinery Group Co. Ltd.) in Zhengzhou, China, and CRCI (China Renaissance Capital Investment) in Hong Kong. All necessary approvals, including merger control clearance, have been obtained. As of Jan. 1, the former division is now an independent company.
“We have achieved our goal and found a purchaser offering a viable industrial concept and a long-term perspective for successfully taking this business forward internationally, and thus for associates,” said Dr. Rolf Bulander, chairman of the Mobility Solutions business sector and member of the management board of Robert Bosch GmbH.
Commenting on the sale, he added, “I am confident that, in this new constellation, the division can seize its opportunities for a positive future.”
ZMJ, the new owner, already operates in the automotive supply sector via various subsidiaries, as a major Chinese automotive supplier. The company supplies starter motors and generators, as well being a manufacturer of engine components for commercial vehicles and passenger cars.
