Bosch acquires Extreme CCTV
Video surveillance is a growing market, and Bosch moves in by acquiring Canadian specialist in infrared illuminators
Video surveillance is a growing market. Stuttgart, Germany-based Bosch has acquired the Canadian company Extreme CCTV. The shareholders and option holders have accepted Bosch’s offer of 5.00 Canadian dollars per share in cash, resulting in a transaction volume of approximately 93 million Canadian dollars (roughly €63 million). With the acquisition of Extreme CCTV, Bosch is strengthening its Security Systems division and extending its activities in the growing market of video surveillance. Extreme CCTV is a specialist in active infrared illuminators, integrated day/night cameras with active illumination, and hardened imaging products for use in extreme environments. Its product also includes license-plate capture and recognition devices.
In 2007 the company and its 130 associates worldwide generated sales of approximately 43 million Canadian dollars (roughly €29 million). The Bosch Group is a global supplier of technology and services. It has some 272,000 associates around the world who generated sales of €46.1 billion in fiscal 2007.
