Analysis
Growth opportunity for Automotive Aftermarket Bosch acquires RTI Technologies Co Ltd Technical specialist in field of automotive maintenance equipment
The Bosch Group's Automotive Aftermarket business announced it has acquired RTI Technologies Co., Ltd. on December 07, 2010. RTI Technologies Co., Ltd. specializes in the development and distribution of automotive maintenance equipment including air condition service (ACS) machines. The company, based in York, Pennsylvania (USA), had sales of $12.0 million (8.6 million euros) in 2009 and employs 36 associates, all of whom will be retained by Bosch. Terms of the agreement will not be disclosed.
The Established in 1990, RTI develops, assembles and sells various types of automotive maintenance equipment including the ACS machines in the U.S. market. The business is uniquely positioned to provide access to the technology for new ACS machines to deliver the new refrigerant R1234yf, which will be introduced into the market beginning in 2011 in Europe.