Bosch has announced its plans of acquiring all shares in Italian company Albertini Cesare, which is a manufacturer of die-cast aluminium. Albertini Cesare produces cast housings primarily for the automotive industry, including for electric steering systems, and currently employs over 400 people at two locations in northern Italy. Bosch plans to secure its ability to supply cast parts for its electric steering systems in the future, with the acquisition of Albertini Cesare.
Cast housings are an essential component of electric steering systems, noted Bosch. Bosch plans to integrate Albertini into its Automotive Steering division, which employs about 15,000 associates in twelve countries and develops steering-system solutions for passenger cars and commercial vehicles. The plan is subject to approval by the antitrust authorities, and it has been agreed that the details of the agreement will not be disclosed.
Dr Dirk Hoheisel, Member, Board of Management, Robert Bosch GmbH, said the company is confident that local production will pick up speed again quickly. The goal is to once again supply all customers fully and with a high standard of quality, for which Bosch is relying on the competence and dedication of its associates in Italy, he added.