Press Release
Combined know-how in digitalization
ITK Engineering AG set to become part of Bosch Group

ITK Engineering is a leading provider for system and software
development across industries

Acquisition will strengthen Bosch’s position in the development services
market

Combined know-how in electrification, automation, and connectivity
Abstatt, Rülzheim – On October 12, 2016, the Bosch Group signed an
agreement to acquire ITK Engineering AG, a development services company
headquartered in the town of Rülzheim in Germany’s southern Palatinate
region. The company was founded in 1994 as the “Ingenieurgesellschaft für
technische Kybernetik” (“Engineering Company for Technical Cybernetics”), or
ITK for short. Today, ITK Engineering employs more than 800 people and is a
leading service provider in the field of model-based system and software
development, specializing in the automotive engineering industries. “Our
acquisition of ITK Engineering will strengthen our position in the global growth
market for engineering services,” says Dr. Markus Heyn, member of the board
of management of Robert Bosch GmbH. It has been agreed that the purchase
price will not be disclosed. The transaction is subject to approval by the antitrust
authorities.
Development services are a growth industry
ITK Engineering’s highly qualified employees offer tailored development and
consulting services to industrial enterprises and research institutions. The
ITK Engineering AG
Rülzheim | Friedrichshafen | München | Ingolstadt | Stuttgart | Frankfurt | Marburg | Braunschweig | Berlin
ITK International
Graz | Barcelona | Tokyo | Detroit
[email protected] | www.itk-engineering.de | www.itk-karriere.de
Press Release
company has spent more than 20 years building up its core competencies in the
field of customized technical software development. ITK Engineering draws on
its expertise to make machines smarter in a wide range of different industries.
The company has seen steady growth since it was founded, boosting its
workforce from just 50 people in 2005 to over 800 today. “With Bosch as a
strategic partner, we can strengthen the position of our core competencies in
the international market still further. We can also better leverage opportunities
for growth, especially through digitalization, and play an even more active role
in shaping the market across industries,” says Michael Englert, founder and
CEO of ITK Engineering AG.
The Bosch Group offers development services for small batch production
through its wholly owned subsidiary Bosch Engineering GmbH. Specializing in
custom system and software development, the company employs more than
2,100 people worldwide. Founded in 1999 with just 13 employees, it has been
growing steadily ever since. Growth drivers in the development services sector
include a steady rise in the number of variants produced by vehicle
manufacturers and the increasing complexity of software development. At the
same time, digitalization and connectivity are putting ever greater demands on
the security of data and processes. “As a result, development service providers
are increasingly viewed as an indispensable partner in the vehicle, system, and
software development process,” says Heyn. Acquiring ITK Engineering will
enable the Bosch Group to broaden and expand its range of development
services and custom software development packages. ITK Engineering will be
run as a wholly owned subsidiary within the Bosch Group and controlled by
Bosch Engineering.
Synergies based on expertise in growth areas
ITK Engineering specializes in the automotive industries, as well as in medical
and railway technology, though it is also active in a number of other sectors.
Bosch Engineering carries out more than 800 customer projects a year,
ITK Engineering AG
Rülzheim | Friedrichshafen | München | Ingolstadt | Stuttgart | Frankfurt | Marburg | Braunschweig | Berlin
ITK International
Graz | Barcelona | Tokyo | Detroit
[email protected] | www.itk-engineering.de | www.itk-karriere.de
Press Release
developing custom electronics systems and software solutions for highperformance sports cars, leisure vehicles, commercial vehicles, railway and offhighway applications, and a wide range of other areas. Both companies have
expertise in driver assistance systems, automated driving, powertrain systems,
electrification, and connectivity, enabling them to offer their services across
multiple industries. Through their collaboration, Bosch Engineering and ITK
Engineering will be able to achieve synergies in these areas in the future.
New market opportunities through worldwide access to customers
Bosch Engineering offers development services at 15 locations around the
world, including in North America, Japan, France, Austria, China, the U.K.,
Brazil, and Italy. The company employs more than 1,800 people in Germany,
both at its development center in Abstatt near Stuttgart – the company’s
headquarters – and at its other locations in Holzkirchen, Ingolstadt, Weissach,
and Braunschweig. In addition to its headquarters in Rülzheim in Germany’s
southern Palatinate region, ITK Engineering has branch offices in
Friedrichshafen, Munich, Ingolstadt, Stuttgart, Frankfurt, Marburg,
Braunschweig, and Berlin. ITK Engineering’s international presence extends to
Austria, Spain, Japan, and the U.S. The acquisition will enable the company to
benefit from the international network and customer contacts of both Bosch
Engineering and the Bosch Group as a whole.
Contact for press inquiries:
Bianca Kuhn; [email protected]; 089-8208598-222
ITK Engineering AG was established in 1994 as “Ingenieurbüro für technische
Kybernetik” and is an internationally operating technology company with
customers in the automotive industry, as well as in medical and railway
ITK Engineering AG
Rülzheim | Friedrichshafen | München | Ingolstadt | Stuttgart | Frankfurt | Marburg | Braunschweig | Berlin
ITK International
Graz | Barcelona | Tokyo | Detroit
[email protected] | www.itk-engineering.de | www.itk-karriere.de
Press Release
technology. In addition to tailored technical consulting and development
services, the company offers turn-key systems in the fields of software
engineering, embedded systems, model-based design and testing as well as
control systems design and signal processing. With a staff of over 800 people,
ITK is headquartered in Rülzheim (Palatinate) and has eight branch offices in
Germany. In addition, ITK is represented in the USA, in Japan, Spain and
Austria.
Additional information is available online at www.itk-engineering.com
Bosch Engineering GmbH is a wholly owned subsidiary of Robert Bosch GmbH
and is head-quartered in Abstatt, Germany. As a systems development partner
to the automotive industry since 1999, the company with its more than 2,000
associates offers development services for powertrains, safety and convenience
systems, and electrical and electronic systems – from the original concept to
series production. Specialized in electronics and software, it draws on Bosch’s
proven large-scale series production technology to develop tailored solutions for
a wide variety of applications in passenger cars, commercial vehicles, offhighway and recreational vehicles, and in rail applications, ships, and industry.
Bosch Engineering GmbH also coordinates all the Bosch Group’s motorsports
activities.
Additional information can be accessed at www.bosch-engineering.com
The Bosch Group is a leading global supplier of technology and services. It
employs roughly 375,000 associates worldwide (as of December 31, 2015). The
company generated sales of 70.6 billion euros in 2015. Its operations are
divided into four business sectors: Mobility Solutions, Industrial Technology,
Consumer Goods, and Energy and Building Technology. The Bosch Group
ITK Engineering AG
Rülzheim | Friedrichshafen | München | Ingolstadt | Stuttgart | Frankfurt | Marburg | Braunschweig | Berlin
ITK International
Graz | Barcelona | Tokyo | Detroit
[email protected] | www.itk-engineering.de | www.itk-karriere.de
Press Release
comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional
companies in some 60 countries. Including sales and service partners, Bosch’s
global manufacturing and sales network covers some 150 countries. The basis
for the company’s future growth is its innovative strength. Bosch employs
55,800 associates in research and development at 118 locations across the
globe. The Bosch Group’s strategic objective is to deliver innovations for a
connected life. Bosch improves quality of life worldwide with products and
services that are innovative and spark enthusiasm. In short, Bosch creates
technology that is “Invented for life.”
Additional information is available online at www.bosch.com, www.boschpress.com, twitter.com/BoschPresse
ITK Engineering AG
Rülzheim | Friedrichshafen | München | Ingolstadt | Stuttgart | Frankfurt | Marburg | Braunschweig | Berlin
ITK International
Graz | Barcelona | Tokyo | Detroit
[email protected] | www.itk-engineering.de | www.itk-karriere.de