• Wuhan Tianyuan Boiler Co., Ltd. reported sales of approximately EUR 18 million for FY 2011, employs around 550
• Bosch Thermotechnology to expand its product portfolio

Shanghai – The Bosch Thermotechnology Division has completed the takeover of industrial boiler manufacturer Wuhan Tianyuan Boiler Co., Ltd., Wuhan, China, and its three subsidiaries. An agreement to this effect was signed in Wuhan in September 2011, acquisition and transaction have been completed in January 2012. The relevant Chinese authorities have approved the takeover. The parties have agreed not to disclose the purchase price. Wuhan Tianyuan employs around 550 people and generated sales revenues of approx. EUR 18 million in the past fiscal year. As a technological leader in industrial boilers, Wuhan Tianyuan has a Grade A certification, which is the highest in the Chinese market. Apart from fire tube boilers and exhaust heat boilers, the company primarily produces water tube boilers for the production of heating energy and process heat with a capacity of up to 220 tons of steam per hour or 138 megawatts. Water tube boilers dominate the Asian industrial boiler market. They are used, for instance, in the manufac-turing sector, in hospitals, department stores, public facilities, hotels or district heat networks.

"The acquisition of Wuhan Tianyuan enables Bosch to add water tube boilers to its product portfolio," said Uwe Glock, Chairman of the Board of the Bosch Thermotechnology Division. Bosch currently markets fire tube boilers primarily in the European market. "The takeover allows us to significantly expand our presence in China, India and the ASEAN coun¬tries," continued Uwe Glock, adding that the company would build on the Wuhan Tianyuan sales team's experience in dealing with major Asian accounts. The Chinese company markets its products in the Asian region through three subsidiaries, Wuhan Environment, WH Installation and Wuhan Automation.