Bosch Power Tools plans expansion of the accessories business

Bosch Power Tools plans to acquire nearly 50% shares of the FerRobotics Compliant Robot Technology GmbH, one of the leading global providers in the field of contact-sensitive automation, with headquarters in Linz, Austria, and further distribution locations in the U.S. and China. Agreements to this effect were signed by Bosch Power Tools and FerRobotics on September 29, 2023. “With the planned equity share in FerRobotics, we are opening up new market segments in the accessories business and are systematically driving our growth,” says Thomas Donato, President of Bosch Power Tools. “Starting point of all our considerations is always the user of our products, which is also the reason for acquiring shares in FerRobotics. In combination with our unique abrasive portfolio for industrial applications, robots which are endowed with tactile sensitivity, unfold their full potential, and generate maximum added value.”

FerRobotics is currently employing roughly 50 associates and is expecting sales in the double-digit millions range for the current fiscal year. It has been agreed that the purchase price will not be disclosed. The shareholding is subject to approval by the antitrust authorities.

FerRobotics was co-founded in 2006 by Ronald Naderer, who still leads the company as CEO today. His vision was to simplify complex processes, close automation gaps and thus increase the quality of production results. “Our technological core competence are contact-intelligent automation solutions, fingertip-sensitive robots so to say, reliable, efficient and user-friendly,” says Ronald Naderer. “The patented technology and our product range have been revolutionising the surface finishing in sanding and polishing processes in the leading industries for more than 15 years now and we want them to have an even wider distribution in the future. My team and I are very much looking forward to the cooperation and we want to continue the FerRobotics success story together with Bosch Power Tools.”