Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company headquartered in Gerlingen. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 92% owned by Robert Bosch Stiftung, a charitable institution.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
492
Assets(RF), mln.USD
377
Capital(RF), mln.USD
202
Staff(RF), 2021
4000
Taxes(RF), mln.USD
99
Glob.Revenue, mln.USD
92739

Bosch initiated mass lawsuits in Russian courts for the protection of trademarks. Russian factories of the German manufacturer Bosch can buy Chinese Midea and Hisense. The Russian division of Bosch has dismissed the remaining managers of sales of household appliances and is negotiating the sale of the business to the Turkish investment fund Can Holding.

The Company Statement
June 14, 2023

Bosch suspends Russia business. Germany's economy ministry has launched an investigation into whether Bosch violated an export ban on goods that can be used for both civilian and military purposes. Bosch is looking for buyers for its Russian assets. Germany's Bosch sells some Russian assets to holding company S8 Capital. Bosch sold the Russian business in Engels. We are talking about three plants for the production of spark plugs, power tools and heating boilers. The assets of the German group were acquired by the S8 Capital holding of Armen Sargsyan. Bosch sold the Russian business (all 6 local companies). Throughout Russia, the remaining specialized stores of LG, Bosch and Sony began to close. Technical support clarifies that some stores will remain open until the summer, until the remaining goods are sold out. Until now, retail partners of foreign manufacturers have not closed stores to avoid fines from landlords, market participants say. In place of the stores of the departed companies, sales points for suppliers from Turkey and China are already opening.

February 27, 2024LG, Bosch and Sony stores are selling off remaining goods before closing in the Russian Federation
December 19, 2023Bosch will sell Russian factories to Turkish investment fund Can Holding
June 20, 2023Russian factories of the German manufacturer Bosch can buy Chinese Midea and Hisense
May 12, 2023Bosch response
April 28, 2023Germany's Bosch sells some Russian assets to holding company S8 Capital
April 28, 2023Germany's Bosch sells some Russian assets to holding company S8 Capital
April 26, 2023Bosch initiated mass lawsuits in the courts of Russia on the protection of trademarks
February 01, 2023Manufacturers of household appliances are trying to buy out the factories of companies that left the Russian Federation
August 22, 2022Bosch is looking for buyers for its Russian assets
April 08, 2022Bosch does not yet plan to completely close down its business in Russia
March 18, 2022Bosch Suspends Russia Business, Says Parts May Have Been Misused
March 15, 2022Bosch will suspend the production of household appliances in St. Petersburg in March
March 01, 2022https://www.linkedin.com/feed/update/urn:li:activity:6904352689053130753.
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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