Tuesday, January 10, 2012

Bosch sells low-tech brakes ops to buyout firm

(Reuters) - Robert Bosch GmbH ROBG.UL, the world's largest car parts maker, is to sell what remains of its low-tech brakes business to KPS Capital Partners, a U.S. buyout firm which one source familiar with the deal said paid around 200 million euros.
Bosch, like other global players in the auto parts markets, wants to focus on more profitable high-tech components, leaving production of more mainstream parts to rivals with a lower cost base.