Effective January 1, 2024, the business unit Bosch Automotive Aftermarketwill be realigned into “Bosch Mobility Aftermarket” as a vital part of theBosch Mobility sector. With this step, Bosch is reacting to the changes in themarket and is actively shaping the future of mobility in view of changingcustomer requirements. At the same time, “Mobility Aftermarket” reflects theidea of understanding mobility as a whole and using the opportunitiesresulting from the changes together with partners and customers. Core ofthe business is being preferred and leading partner for the maintenance andrepair of vehicles over lifetime, and to offer the attractive and sustainablesolutions, thus leading the industry in the new era of “Mobility Aftermarket.”

About BoschThe Bosch Group is a leading global supplier of technology and services. It employs roughly421,000 associates worldwide (as of December 31, 2022). The company generated sales of88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility,Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leadingIoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connectedmobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It usesits expertise in sensor technology, software, and services, as well as its own IoT cloud, to offerits customers connected, cross-domain solutions from a single source. The Bosch Group’sstrategic objective is to facilitate connected living with products and solutions that eithercontain artificial intelligence (AI) or have been developed or manufactured with its help. Boschimproves quality of life worldwide with products and services that are innovative and sparkenthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Groupcomprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering,and sales network covers nearly every country in the world. The basis for the company’s futuregrowth is its innovative strength. At 136 locations across the globe, Bosch employs some85,500 associates in research and development, of which nearly 44,000 are softwareengineers.The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop forPrecision Mechanics and Electrical Engineering.” The special ownership structure of RobertBosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possiblefor the company to plan over the long term and to undertake significant upfront investments inthe safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbHis held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares areheld by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majorityof voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. Theentrepreneurial ownership functions are carried out by the trust.
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