Electric motors for hybrids and e-cars
Bosch takes over EM-motive completely
Bosch takes over EM-motive completely. The electric motor manufacturer was founded in 2011 as a joint venture between Bosch and Daimler. It has produced around 450,000 electric motors to date.
"For Bosch, the complete acquisition of EM-motive is the next logical step on the road to market leadership in electromobility. This takeover now offers Bosch the opportunity to establish an even broader presence in the market," emphasized Dr. Stefan Hartung, member of the supplier's board of management and chairman of the Mobility Solutions business sector. Bosch had already secured an option to acquire the shares when the joint venture was founded. The full takeover was therefore already a possibility in the joint venture agreement. The change in the ownership structure of EM-motive will have no direct impact on the approximately 340 associates currently employed by EM-motive in Stuttgart and Hildesheim.
The existing business, EM-motive, will be transferred to Robert Bosch. The acquisition of the shares is subject to the approval of the antitrust authorities. Both parties have agreed not to disclose the purchase price or any further details of the acquisition. The EM-motive joint venture was founded in order to make the entry into electric motor production economically viable for both partners: With initially small quantities, the groups shared the high investments for the development and production of electric motors. This enabled Bosch and Daimler to enter electric motor production at an early stage.
The motor is a key component in the electric drive: the more efficiently it works, the less energy it consumes - this increases the range and significantly reduces costs. The electromobility business is already growing strongly and will develop into a mass market by the beginning of the next decade at the latest.
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