The Bosch Group announced that it has acquired the TeleAlarm Group based in La Chaux-de-Fonds, Switzerland. It was agreed that the purchase price would remain undisclosed. The TeleAlarm Group is a leading European provider of social alarm and nurse call systems. These products are primarily installed in the homes of people being cared for, in retirement and care homes, in sheltered accommodation facilities and hospitals. In 2005, the company achieved sales of over U.S. $12 million with a workforce of around 70. The TeleAlarm Group carries out the bulk of its production in La Chaux-de-Fonds in Switzerland and has sales offices in Germany, Switzerland, the United Kingdom, the Netherlands, and Sweden.
6,750 associates at Bosch Security Systems helped the company to achieve sales of over U.S. $1 billion in 2005. The portfolio includes intrusion and fire alarm systems, video surveillance, access control, and communication systems. The division is represented in more than 40 locations throughout Europe, America and Asia. On September 1, 2006, Bosch also acquired Telex Communications Holdings Inc., Minneapolis, U.S., a leading provider of electro acoustic systems. In fiscal 2005, Telex Communications made sales of around U.S. $308 million with a workforce of around 2000.
to Daily News