The world’s largest car parts manufacturer, Germany’s Bosch, is reportedly planning a merger with Siemens in efforts to move beyond its specialty market.
Bosch struck a deal to fully acquire its home appliance joint venture with Siemens for $3.86 billon. The venture will continue to operate under the Siemens brand, the companies said.
Bosch’s announcement is its second in just one week to buy out a joint venture from its partner.
Just days ago the company struck a deal to fully acquire its car steering-systems manufacturing joint venture from partner ZF Friedrichshafen.
Siemens and Bosch have been working as partners since 1967.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Court Dismisses Monopoly Claims Against Tempur Sealy
Oct 18, 2024 by
CPI
Philadelphia City Council Advances Legislation to Tackle Rent Price-Fixing
Oct 17, 2024 by
CPI
FTC Probes Deere for Potential Anti-Competitive Repair Practices
Oct 17, 2024 by
CPI
Britain’s Ofcom to Outline Strict Guidelines for Tackling Illegal Online Content
Oct 17, 2024 by
CPI
EU Considers Expanding Potential Fines for X, Targeting Musk’s Broader Business Empire
Oct 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh