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Bosch
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Robert Bosch GmbH is a German company group, a leading global supplier of technologies and services in the automotive and industrial technology, consumer goods and construction sectors.
The company was founded by German entrepreneur and engineer Robert Bosch on November 15, 1886. The company's headquarters are located in Gerlingen, Germany, near Stuttgart.
According to preliminary figures, Bosch invested around 6.3 billion euros in research and development in 2015. It also granted 5,422 patents worldwide. In fiscal 2015, it achieved a record turnover of 70 billion euros with around 375,000 employees.
The Bosch Group comprises Robert Bosch GmbH and around 440 subsidiaries, plus regional companies in around 60 countries. Bosch is represented in almost 150 countries with its sales and service.
Since July 1, 2012, the Chairman of the Board has been Volkmar Denner.
The Bosch company was founded by German entrepreneur and engineer Robert Bosch in 1886 under the name: “Master Class for Precision Mechanics and Electrical Engineering.” The company consisted of one mechanic and one apprentice, and the capital of 10,000 was taken from his father's inheritance.
In the first years of its existence, the workshop was mainly engaged in the production and sale of all types of electrical equipment: from telephones to remote water alarms.
1901-1923: Became an international supplier of automotive tools.
In 1887, Robert Bosch's company created the first magneto ignition system for an engineering company. It was based on a device that produced an electric spark. By improving and adapting this system for high-speed engines, Robert Bosch solved a major problem in early automotive history - magneto ignition quickly replaced the dangerous Daimler tubes.
In order to independently produce components for magneto-evaporation systems, the company's first factory was opened in Feuerbach in 1909. The company's product range was completed by automobile headlights (1912-1913), electric starters (1914), horns (1921), windshield wipers (1926) and turn indicators (1928).
Bosch also began offering home appliances: in 1928, production of electric hair clippers began, and in 1933, the first Bosch refrigerator appeared. In 1932, the company began producing car radios.
In the 1920s, Bosch was constantly expanding its product range for the automotive industry. It produced bicycle lights, batteries, Bosch electric car signals, turn signals, and windshield wipers.
From 1933 to 1945, the company participated in the economic structure of the National Socialist regime. In 1937, Robert Bosch transformed the company from a joint-stock company into a limited liability company, so that the company would be in the hands of family members only.
After the war ended in 1945, most of Bosch's business was destroyed by air raids, but Robert Bosch did not live to see this happen, as he died on March 12, 1942.
Company structure
92% of the share capital of Robert Bosch GmbH, according to Robert Bosch's will, belongs to the charitable foundation - Robert Bosch Stiftung GmbH (Robert Bosch Stiftung GmbH), which has no right to participate in the management of the company. The foundation is engaged in projects that promote education, healthcare, understanding between peoples, culture and science.
The business is managed by the partnership Robert Bosch Industrietreuhand AG (93% of the voting shares), which includes former Bosch executives, members of the Robert Bosch family, and influential economists. The remaining shares are owned by the Bosch family (7%) and Robert Bosch GmbH.
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