Bosch Acquires South African Marketing Company Hytec
By Max Bernhard
Robert Bosch GmbH said Thursday that it has acquired South African marketing specialist Hytec, in order to strengthen its operations on the African continent.
The German company said its subsidiary Bosch Rexroth AG acquired all shares in Hytec Holdings (Pty.) Ltd., a marketing company for hydraulic and automatic products in sub-Saharan Africa.
Bosch Rexroth previously acquired a 50% stake Hytec in 2014.
Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard
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March 01, 2018 06:01 ET (11:01 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.