Bosch Rexroth buys South Korean automation specialist

Busan, South Korea; Lohr, Germany—Bosch Rexroth AG reports that it’s increasing its activities in Korea’s growing markets by acquiring Skatec Co. Ltd., an automation specialist, located in Ansan, near Seoul.

05/04/2004


Busan, South Korea; Lohr, Germany— Bosch Rexroth AG reports that it’s increasing its activities in Korea’s growing markets by acquiring Skatec Co. Ltd., an automation specialist, located in Ansan, near Seoul. Skatec’s 35 employees specialize in fitting plants and machinery with drive and control technology. It will be integrated into Busan-based Bosch Rexroth Korea Ltd. on June 1, 2004. This will increase Bosch Rexroth Korea’s staff to 130.

“With this acquisition, we’re continuing to advance our expansion-oriented Asian strategy,” says Manfred Grundke, Bosch Rexroth’s executive VP for sales automation. Earlier this year, Bosch Rexroth announced that it has started production at a new manufacturing site in Wujin, China. “With a rapidly growing share of production undertaken locally, we’re fully exploiting the above-average growth potential of the Asian market.”

In addition, Grundke was scheduled to take over as president of Bosch Rexroth AG on May 1, 2004. He replaces Winfried Witte, who is retiring.

Before the present acquisition, Skatec was an exclusive partner of Bosch Rexroth Korea. Skatec reportedly a Korean market leader in equipping plastics machinery with hydraulic drive technology, and it produces customer-specific hydraulic control blocks.

Bosch Rexroth consists of a merger of Bosch Automation Technology and Rexroth, and is a wholly owned subsidiary of Robert Bosch GmbH. In 2002, Bosch Rexroth AG had total revenues of approximately $3.89 billion and 26,000 employees worldwide.

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me