Engineering giant Bosch programs to obtain Melbourne-based motorsport technological know-how agency MoTeC Group, supplier to racing sequence which include Supercars, NASCAR, and competitors in the Dakar Rally.
Contracts for the prepared acquisition were being signed by Bosch and the MoTeC Group in June 2022. The events have agreed not to disclose the order price tag, and the transaction is matter to acceptance by the appropriate merger manage authorities.
The MoTeC business will develop into aspect of Bosch Motorsport, a business device of Bosch Engineering GmbH, by itself a 100 for each cent Bosch subsidiary based in Abstatt, Germany.
MoTeC can make automobile and engine control units, displays, information loggers and onboard power provide control units for the two combustion and electric motorsport motor vehicles, serving Australia, Asia-Pacific, Europe, the US, and Japan as a result of a network of all-around 250 sellers.
“With the MoTeC Group’s numerous several years of expertise and in depth abilities, as nicely as its around the globe seller community, we are strengthening our situation in motorsports and ideally complementing our item portfolio,” claims Bosch Motorsport vice president Klaus Boettcher.
The MoTeC Group employs 54 people around the globe concerning its headquarters and a income and specialized client company place of work in Banbury, British isles. The MoTeC Group company will go on to function as a different legal entity underneath its own brand name, Bosch included.
MoTeC dates to the late 1980s and right now bills by itself as a environment-leader in motorsport technologies.
Its shoppers have included competitors in Le Mans, NASCAR, FIA GT, Australian Supercars, Indy Car or truck, Dakar Rally, Environment Superbikes, Top Gas and Activity Compact drag racing, Porsche Carrera Cup, Planet Rally, Group N Rally, System Ford, and even V8 Jetboats.