Bosch to sell packaging machinery business to CVC Capital Partners

After announcing its intention a year ago to shed its Packaging Technology unit, Bosch recently signed an agreement to sell its packaging machinery business based in Waiblingen to a newly incorporated entity managed by Luxembourg-based private equity fund CVC Capital Partners.

According to Bosch top management, the decision is part of the company’s efforts to give increasing attention to areas of maximum digitalisation (mobility and IoT).

Bosch Packaging Technology operates mainly in the pharmaceutical and food sectors with a range of smart and sustainable technologies. It has annual revenue of around €1.3 billion and 6,100 associates in 15 countries.

Completion of the sale is subject to approval by antitrust and other authorities and is expected to close at the end of the year.