Bosch plans acquisition of inubit AG
Written By: Simon Holloway
Published: 25th July, 2011
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The Bosch Group announced on July 18th that they have signed an agreement to acquire 100 percent of the shares of inubit AG, a business process management (BPM) vendor. The transaction is subject to approval by the antitrust authorities.
inubit AG offers process solutions for companies in the utilities, insurance, automotive and logistics, and telecommunications industries, as well as in the healthcare market. In the future, inubit will not only develop its own products and solutions for business customers, but also provide vital basic components for creating systems and service platforms on what is known as the internet of things and services.
"With its recognized solutions and process competence in many industries, inubit AG will play an important part in expanding Bosch's activities on the internet of things and services," said Dr. Heinz Derenbach, the president of Bosch Software Innovations GmbH. The ability to provide business processes for enterprise solutions and on internet platforms made inubit a very valuable acquisition for the Bosch Group, he said.
In conjunction with Bosch Software Innovations' business rules management, Derenbach went on, Bosch could provide a comprehensive technology portfolio with which to offer networked application solutions in companies and on internet platforms. This applied especially to areas of future business growth, such as smart mobility, smart grids, and telehealth.
"In selling to Bosch, our company is continuing its strategic development as planned," said Dr. Torsten Schmale, the chairman of inubit AG. He continued: "With Bosch as a new owner, we are well equipped for the future. Together, we can meaningfully expand our activities in the area of sophisticated enterprise solutions and successfully continue our international growth course."
This is an interesting twist in the Mergers and acquisitions arena-a BRMS vendor acquiring a BPMS vendors rather than the other way around. Innovations was one of the 2 leading BRMS vendors that I identified in the BRMS Market Update. Since that time, they themselves were acquired by Bosch, which increased their financial stability and credibility with large organisations. This addition to the Bosch stable means that we have a new major German software vendors in the marketplace.