The Bosch Thermotechnology division has revealed plans to take over commercial boiler manufacturers Loos Deutschland GmbH, based in Gunzenhausen, Germany, as well as its subsidiaries and investments outside Germany.
Loos develops, manufactures, and sells steam and hot water boilers for space heating and process heat purposes in the 0.5 to 38 MW output range.
Its commercial and industrial customers use these boilers in production operations, in hospitals, department stores, public institutions, hotels, and district heat networks.
The agreement to acquire 100% of the shares is subject to approval by the antitrust authorities. The parties agreed not to disclose the purchase price.
‘The acquisition of Loos will make Bosch Thermotechnology a leading supplier of commercial and industrial boilers in Europe,’ says Uwe Glock, president of the Bosch Thermotechnology division.