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Bosch Acquisition of Telex Communications Approved

Acquisition of a leading communications technology provider Organizational assignment to Bosch Security Systems
STUTTGART/MINNEAPOLIS — The Bosch Group has been granted the necessary approvals to acquire 100 percent of the shares in Telex Communications Holdings, Inc., Minneapolis, Minn., as of August 31, 2006. Telex will be integrated into the Bosch Security Systems division.

Telex is a leading manufacturer and supplier of professional audio, wireless, life safety and communication systems. In 2005, the company generated sales of $308 million.

Bosch Security Systems provides comprehensive security and communication systems. With the acquisition, Bosch can improve its worldwide market position and significantly expand its communication systems product offerings.

The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal 2005, approximately 251,000 associates generated sales of 41.5 billion euros, or $51.7 billion USD. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering," the Bosch Group today comprises a manufacturing, sales, and after-sales service network of approximately 280 subsidiaries and more than 12,000 service centers in over 140 countries.

In North America, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, security technology, thermo-technology, packaging equipment and household appliances. Bosch employs 22,700 associates in more than 80 primary and 20 associated facilities throughout the region with reported sales of $8.4 billion in 2005. This year marks Bosch’s 100th year of operating in the U.S. For more information on the company and the Centennial, visit www.bosch.us.

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Bosch Telex Acquisition - August 2006

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