The Bosch Group will acquire Telex, a well-known manufacturer and supplier of professional audio, wireless, life safety and communication equipment. The Boards of Directors of both companies have approved the merger, which will be between Telex and Robert Bosch GmbH, a wholly-owned subsidiary of Bosch Group.
Telex brands include as ElectroVoice, Dynacord, Midas, Klark Teknik, Telex, and RTS.
“With the acquisition of Telex, Bosch Security Systems can significantly expand its communications systems product offerings and penetrate the professional audio equipment market. The strength of the Telex distribution network will enhance our worldwide market position as a provider of comprehensive security and communication systems. At the same time, we obtain a leading position in the American market,” says Bosch Board of Management member Peter J. Marks, who bears regional responsibility for the Americas and for the Security Systems division. In 2005, Bosch Security Systems generated sales of roughly one billion euros from its intrusion and fire alarm systems, video surveillance, access control, and communication systems business. With some 7,800 associates, the division is represented at more than 40 locations in Europe, the Americas, and Asia Pacific.