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Bosch North America

Boost for Power Tools division
Bosch purchases measuring tool business from Stanley
Strengthens position in the United States

· CST/berger is a leading supplier of equipment for leveling and surveying
· Company employs approximately 350 associates in the United States, Germany and Italy
· Addition to Bosch’s worldwide product portfolio of power tools
Stuttgart – Bosch is boosting its power tools business with another acquisition: the group will acquire CST/berger, a division of the publicly traded U.S. company The Stanley Works. With this purchase, Bosch is further expanding its product portfolio in the rapidly growing global measuring tool segment, above all in the U.S. market. The transaction is subject to regulatory approvals. The purchase price amounts to $205 million (roughly 132 million euros).

With headquarters in West Lafayette, Ind., CST/berger is a leading manufacturer of laser and optical leveling as well as alignment technologies for professional and do-it-yourself customers (DIY). Its broad product portfolio includes leveling and surveying tools. CST/berger employs approximately 350 associates in the United States, Germany and Italy. In 2007, sales were $90 million. With CST/berger, David White, and Rolatape, the company is home to several well-known brands.

“In acquiring CST/berger, we are significantly strengthening our position in the U.S. market of measuring tools. The purchase is an excellent addition to our worldwide product portfolio,” said Uwe Raschke, president of the Bosch Power Tools division. “Therefore, we will continue our strong progress in our business with measuring tools,” Raschke said. In 2007, measuring tools for professionals and DIYers were the fastest expanding power tool segment, with growth well into double-digit figures. At the end of 2007, Bosch acquired RoboToolz, a company that also manufactures innovative laser leveling products.

Measuring tools such as laser measuring devices, detection devices and laser leveling tools make it easier for professional and DIY customers to plan and perform work. For example, gradients, angles, or distances can be measured precisely. Bosch also currently offers innovative solutions in the growth market for measuring tools. For professional users, for example, the company offers the world’s smallest laser measuring device, which is just 10 centimeters long.

With power tools, accessories, garden tools, and measuring technology, the Bosch Power Tools division generated sales of $4.8 billion in 2007. Of this total, 90 percent was generated outside Germany. The division employs a global workforce of approximately 16,000 associates.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 260,000 associates generated sales of $63.2 billion in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

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 24,750 associates in more than 80 primary and 20 associated facilities throughout the region. For more information on the company, visit www.boschusa.com.

Stanley Acquisition - June 2008


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