Takeover offer ends Bosch acquires 68.70-percent majority shareholding in aleo solar AG Photovoltaics business is expanded further


The Bosch Group has acquired the majority shareholding in the module manufacturer aleo solar AG

Takeover offer ends Bosch acquires 68.70-percent majority shareholding in aleo solar AG Photovoltaics business is expanded further

· Share also means majority stake in thin-film manufacturer Johanna Solar

· Value-added chain completed

· New distribution channels opened up

· All antitrust regulations satisfied

Stuttgart – The Bosch Group has acquired the majority shareholding in the module manufacturer aleo solar AG. Including additional acquisitions and tendered stock, Bosch has now secured 68.70 percent of aleo stock. “We are looking forward to further developing our photovoltaics business together with aleo,” said Dr. Siegfried Dais, deputy chairman of the Bosch board of management with responsibility for the Solar Energy division. In addition, Bosch is acquiring a more than 60 percent interest in Johanna Solar Technology GmbH, based in Brandenburg an der Havel, Germany, in which aleo holds a roughly 17 percent stake. The antitrust authorities have already granted the necessary approval.

“With aleo solar and Johanna Solar, we are strengthening our photovoltaics business by completing our value added chain and opening up new distribution channels,” said Holger von Hebel, president of the Bosch Solar Energy division. With its new associates and experienced teams, Bosch would be able to further expand its position in the promising market for renewable energies, he said.

aleo solar is an established brand name in the solar module market. It manufactures these modules on the basis of in-sourced mono- and polycrystalline solar cells. The modules are sold via an extensive distribution network and installers to end-users in Germany and other important European markets. In 2008, the company generated sales of roughly 360 million euros, and employed some 800 associates. Its manufacturing facilities are located in Prenzlau, Germany, and near Barcelona, Spain.

Johanna started developing solar modules based on thin-film CIGS cells in 2006, going into production at the end of 2008. These thin-film modules are marketed by aleo. Johanna employs some 125 associates.

For more information about the takeover offer, visit: http://angebot.bosch.de.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 280,000 associates generated sales of 45.1 billion euros in fiscal 2008. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Each year, Bosch spends more than 3.5 billion euros, or eight percent of its sales revenue, for research and development, and applies for over 3,000 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information can be accessed at www.bosch.com.

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