Bosch Building Technologies completed the full acquisition of Protec Fire and Security Group on November 30, 2021. Prior to this, the relevant antitrust authorities had approved corresponding applications. The corresponding agreements were signed on October 22 of this year. With the acquisition of Protec, system integrators for security and fire detection technology with an innovative product portfolio, Bosch Building Technologies is strengthening its European business. Protec has around 1,100 employees and, according to preliminary figures, generated annual sales of GBP 125 million (around 142 million euros) in the fiscal year 2021.
“We are very pleased to officially welcome Protec and its highly qualified employees as part of Bosch Building Technologies”, said Thomas Quante, President of Bosch Building Technologies. “We will learn from each other and share our respective expertise and many years of experience in order to jointly bring new innovative solutions to the market for our customers”, Quante added.
Protec operates mainly in the UK and, under the brand Hacousto Protec, in the Netherlands and is headquartered in Nelson, Lancashire, UK. Here, the company also maintains its own development and manufacturing centre. Protec’s products and services are used in transportation and industry, among numerous other sectors.