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Bosch North America

Telehealth business acquisition in the U.S.

Bosch acquires ViTel Net
• Bosch adds leading telemedicine innovator
• Expands product offering for telehealth market

Stuttgart - The Bosch Group has acquired Visual Telecommunication Network Inc., also known as ViTel Net, a leading innovator in the telehealth - remote patient monitoring - business. Terms of the agreement will not be disclosed.

ViTel Net, headquartered in McLean, Virginia, has developed and sells technologies that allow clinicians to remotely manage patient health regardless of geographic boundaries. The company’s products are designed for home health monitoring of patients with chronic conditions.

“The acquisition of ViTel Net is an outstanding complement to our current, emerging telehealth business in the North American market, and follows our December 2007 acquisition of Health Hero Network, based in Palo Alto, California,” said Sascha Henke, vice president, Healthcare Telemedicine. “Bosch is committed to strengthening its presence in this important market and other dynamic regions around the world.”

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 282,000 associates generated sales of 45 billion euros (over $63 billion) in fiscal 2008. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in roughly 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Each year, Bosch spends more than 3 billion euros for research and development, and applies 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 approximately 25,000 associates in more than 70 locations throughout the U.S., Canada and Mexico, with reported sales of $9.5 billion in fiscal 2007. For more information on the company, visit www.boschusa.com.


ViTel Net Acquisition - April 2009

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