Telex - a leading manufacturer and supplier of professional audio, wireless, life safety and communication equipment- achieved sales of $308 million in 2005, and has nearly 2,000 employees at 14 locations in nine countries. The company is home to well-known brands such as Electro-Voice, Dynacord, Midas, Klark Teknik, Telex and RTS. If the merger is consummated, Telex will be assigned to, and come under the leadership of, the Bosch Security Systems division.
"With the acquisition of Telex, Bosch Security Systems can significantly expand its communications systems product offerings and penetrate the professional audio equipment market. The strength of the Telex distribution network will enhance our worldwide market position as a provider of comprehensive security and communications systems. At the same time, we expect to obtain a leading position in the American market," said Bosch's Peter J. Marks, who bears regional responsibility for the Americas and for the Security Systems division.
In 2005, Bosch Security Systems generated sales of approximately one billion euros from its business with intrusion and fire alarm systems, video surveillance, access control, and communications systems. With some 7,800 associates, the division is represented at more than 40 locations in Europe, the Americas, and Asia Pacific.
In a letter to the company's pro audio dealers, Telex's president of Pro Audio Worldwide, Matthias von Heydekampf, gives his assurances to the company's partners, saying: "Once you have looked at Bosch and how they run their businesses, I'm sure that you will share my optimism about the future of Telex and the Pro Audio Group under their leadership. Bosch takes a long-term view of the future and reinvests a significant portion of its profits into growing its businesses. In addition, its R&D spending is nearly 10% of revenues, which is significantly higher than what Telex has been able to invest historically." He adds: "You can be assured that all the sales and support staff you have come to rely on through the years will remain fully committed to meeting your needs."
(Lee Baldock)
