Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Bosch Group Acquires Controlled Energy Corporation
Jan 21, 2005
 Printable format
 Email this Article
 Search

The Bosch Group has announced a 100-percent acquisition of Controlled Energy Corporation (CEC), based in Waitsfield, VT, U.S. The company will be integrated into Bosch's subsidiary BBT Thermotechnik, a European manufacturer of heating products.

CEC, a distributor of BBT Thermotechnik, has annual sales of U.S. $34 million and claims leadership in the growing U.S. market for tankless water heaters. The acquisition of CEC, with 70 employees and 15 locations in the U.S. and Canada, expands BBT Thermotechnik's sales base and its market share in North America.

"The acquisition of Controlled Energy Corporation adds another element to our global presence," said Klaus Huttelmaier, member of the Management Board of BBT Thermotechnik GmbH. "Home centers and DIY stores account for a large portion of CEC's sales and the quality of the company's customer service is widely recognized in the market. As such, CEC ideally complements our U.S. subsidiary, Buderus Hydronic Systems, which sells its heating systems through wholesale channels."

CEC and Buderus Hydronic Systems are envisaged to be merged into a new company to be known as BBT North America. (arrivenet.com)

Back to Daily News

 

Daily News

...........................................................

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows