Bosch Building Technologies completed the full acquisition of Protec Fire and Security Group Ltd. on November 30, 2021. Before this, the relevant antitrust authorities had approved corresponding applications. The corresponding agreements were signed on October 22 of this year.
With the acquisition of Protec, one of the UK's systems integrators for security and fire detection technology with an innovative product portfolio, Bosch Building Technologies is strengthening its European business. Protec has around 1,100 employees and, according to preliminary figures, generated annual sales of GBP 125 million (around 142 million euros) in the fiscal year 2021.
Introducing innovative solutions
"We are very pleased to officially welcome Protec and its highly qualified employees as part of Bosch Building Technologies", says Thomas Quante, president of Bosch Building Technologies. "We will learn from each other and share our respective expertise and many years of experience to jointly bring new innovative solutions to the market for our customers", Quante adds.
Protec operates mainly in the UK and, under the brand Hacousto Protec, in the Netherlands and is headquartered in Nelson, Lancashire, UK. Here, the company also maintains its development and manufacturing center. Protec's products and services are used in transportation and industry, among numerous other sectors.