Bosch Building Technologies set to take on Protec Fire and Security Group

Bosch Building plans to acquire Protec Fire and Security Group Ltd., headquartered in the UK. The partnership will provide benefits for both parties, including strengthening and expanding international business, says the company.

Corresponding agreements were signed by Bosch and Protec on October 22, 2021.

Protec employs around 1,100 employees at its nine European locations in the UK and the Netherlands and generated sales of £125 million in the fiscal year 2021 according to preliminary figures.

“With the acquisition of Protec, Bosch Building Technologies aims to expand its business and grow further in the European market,” says Thomas Quante, president of Bosch Building Technologies.

It has been agreed that the purchase price will not be disclosed. The acquisition is subject to approval by the relevant antitrust authorities.