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Robert Bosch Tool Corporation Robert Bosch reached an agreement to sell their building technologies division’s product business to Luxembourg-based investment firm Triton Partners. Bosch expects the transaction to be completed during the first half of 2025. As part of the deal, Triton will take over all three business units of the product business, which employ 4,300 associates. Bosch was committed to finding a suitable buyer who would acquire all three security and communications technology business units and offer their associates an outlook for the future. In October last year, Bosch said it would sell most of the building technologies' product business as part of a wider realignment process. Stanley Black & Decker Goldman Sachs Industrials Conference: After reviewing their financials, CFO Patrick Hallinan took questions from Goldman Sachs analyst Joe Ritchie. They are working hard to move margins from 31% this year to 35% next year and hopefully eventually to 37%. Based on the lack of volume and lack of deflation they need to find approximately $100 to $150 million in incremental savings to meet that goal. They are hoping to achieve their objective by the fourth quarter of 2025 or the first two quarters of 2026. One way they are getting to the savings is reducing capacity. To that end they have been closing one to three facilities each year; that will probably continue for the next couple of years. Sourcing is their biggest drive because raw materials represent about 60% of their cost base. They’ve put about 400 people in the field over the past 12 to 15 months. Their channel partners have made it very clear that they want manufacturers to help drive sales and support their products in the market. They believe they got a bit behind in this area, but they are committed to catching up. They want their innovation focused on the biggest growth opportunities. About 20% to 25% of their US cost of goods (COG) comes from China, that’s down from 40% to 45%. They are already dealing with 25% tariffs on goods imported from China, which includes the 301 tariffs, List 1, 2, 3, and 4A, which were enacted over 2017 and 2018. When they originally came out, they resulted in more than $300 million of exposure. Through supply chain moves, they’ve gotten that exposure down below $100 million. They think 2025 will produce growth in the low single digits. TTI/Techtronics Industries TTI joined the United Nations Global Compact, to reaffirm their dedication to sustainability and social responsibility. With more than 25,000 signatories in more than 160 countries, the UN Global Compact is the world's largest voluntary corporate sustainability reporting initiative. By joining, TTI is committing to communicating their progress to stakeholders annually through the ESG Report and UN Global Compact's website. © Robert Bosch Tool Corporation. All rights reserved, no copying or reproducing is permitted without prior written approval.
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