The Bosch Group has acquired the power tool accessories business of the Freud Group, Milan, Italy.
Bosch adds to its range of power tool accessories with the buy, especially in circular saw blades and router bits. The Freud Group is a global supplier of circular-saw blades, router bits, and cutters for woodworkers, professional and industrial users. These products are manufactured in four locations around the city of Udine in northeastern Italy. In this area, the company had sales of 100 million euros in 2007 (US$138.71 million).
Freud is Bosch’s fifth strategic acquisition this year to strengthen its Power Tools division. In January and July 2008, Bosch expanded its measuring-tools business by acquiring the Chinese specialist RoboToolz and the U.S. company CST/berger. …
