ITK Engineering will become a wholly owned subsidiary of Robert Bosch GmbH

Bosch is strengthening its business in custom system and software development services. It acquired ITK Engineering AG and its foreign operations on January 11, 2017, after receiving the approval of the relevant antitrust authorities. The agreement on Bosch's acquisition of the company was signed in October 2016.

ITK Engineering employs more than 900 highly qualified professionals and offers tailored development and consulting services for industrial enterprises and research institutions in a wide range of industries. "The acquisition of ITK Engineering will strengthen our position in the global growth market for engineering services and provide the ideal complement to our product portfolio," said Dr. Markus Heyn, member of the board of management of Robert Bosch GmbH. It was agreed that the purchase price would not be disclosed.
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