Bosch Building Technologies plans to acquire GFR (Gesellschaft für Regelungstechnik und Energieeinsparung mbH) which is headquartered in Verl, Germany. Agreements to this effect were signed on 17 July by Bosch and GFR’s current owner, the Wiedemann Group, which itself is based in Sarstedt.
GFR offers complete building automation solutions as well as related services and a comprehensive hardware and software product portfolio. The company’s solutions are the basis for sustainable building operation and are used in many kinds of facilities, including Shopping Centres, hospitals and entertainment complexes.
For example, at the famous Elbphilharmonie Concert Hall in Hamburg, GFR solutions form the Control Centre for technical building equipment. This Control Centre makes it possible to connect different trades to monitor all TGA systems and to control and govern individual devices.
GFR employs around 260 people at nine locations in Germany.
“We’re looking forward to the associates of GFR, with their many years of in-depth expertise in the field of building automation, joining us,” explained Thomas Quante, a member of the executive management team at Bosch Building Technologies. “The trend towards the digitalisation of commercial buildings opens up entirely new possibilities. GFR has sound expertise in building automation and offers a portfolio that perfectly complements our own. GFR will be a valuable addition to our company and our efforts to drive the future of digital solutions and services for commercial buildings.”
Volker Westerheide, managing director of GFR, responded: “Future co-operation with Bosch offers great opportunities for our company. Together, we will be able to develop viable solutions for our customers in an increasingly digital world.”
The acquisition is subject to approval by the relevant anti-trust authorities. It has been agreed that the amount of the purchase price for the deal will not be disclosed.