Bosch Considering Selling Security Business, Claims German Business News (Analyzed)

****** ******** ****************************** ** ******* ** ********* **, 2023, ****** "***** ** *********** ********** **** *** surveillance ****** ********" **** *** ***** ******:

* **** ** ****** ** *** unit ** ********** ********** **** ** the ************ ******* ** ********, ** was **** ** ********* *******. *** decisions **** *** *** **** ****. Initialdiscussions *** ***** **** **** ***** on the subject, but no sales consultant has yet been selected. First, the business to be sold would have to be separated from the company, which would take a few months. [emphasis added]

***** ******* ** **** **** *** following *********, ****** ** **** *****:

** **** *** **** ********** **** wedo *** ******* ** ****** ******.As a matter of principle, Bosch pursues a strategy of remaining competitive at all times, occupying the strongest market position, and reacting to any changes in the market environment. This is why the company ** ****** ********* **** ** ****-****** *** ********* of products and services, as well as its organizational *********, in order to meet market and customer requirements. [emphasis added]

***** ** ** ******** **** ***** mistakenly ***** * ********* ********* *** it *** ** ********* ** ***** this **********, *** ****** ********* ******* the ****** **** ****** ** *******. Moreover, **** ****** ********* ********* *** good ******* **** ****** *****.

** *** ******** ******* ** **** report, ** ******* *****'* ******* *********** positioning *** *** * **********, ** executed *********, ***** **** *********** ****** for *****'* ******** ********.

Bosch ******** ********

***** ******** ***** *** ******* *** low ********** **** *** ********* ******, in **** * ****** ** ** tracking *** ******** *******. **** ******* in ***** ******** ********* ***** *****, generally, *** ****** ***********, ****** ** performance ** ** *****.

*** ********* / ******* ***** / *&**, *****'* ******* ** ******** ** IP ****** / *** *** *****, was *** **** *********** ******** ** Bosch ********* ******* ** *** ******** products ** ** ***** *** **** five *****. *****, ***** **** ** down ** **** **** ***** *** an ****** **** ****** ***** **** taken * **** **** (* ****** plus) ** ****, ***** ** ******** building * ***-***** *******, ********* *** new ******** ** ** ********.

**** *******, ** ***** ************, ***** is ****** ****, **** ***** ******* and *********, *** * ***** ****** lineup *** **** ***** ********** ********* that ** ******* ** * ****** of ***** ********* *** ************ ******* / ************ *** ********.

Big *****, ***** ******** ********

**** **** ************* **** **** ******* on ************, ***** ** * **** big ******* **** * **** ***** security ********.**** ****, *****'* ********** ~$** *******, ***** *** ******** revenue *** **** * *** *******, a **** ******** ** *** ******* business. ****, *****'* ********* ******* *** quite *****, **** ~*%, ** ***** below:

***** ** ****** ** ********** ******* (i.e., "******** *********," ***** *****), **** security ***** * ***** **** ** the ***** "****** *** ******** **********" group:

***** ******** ** * ******* **** of * ************ *** ***** ******* on ********** **** *** ***** *** the ****** *** ***** *** ***** corporate ****.

Divestment ********

** *********** ***** ******** ***** ** one ** *** *****'* ******* ******** product *** *********** ********* (** *** range ** * *** ******* ******* in ****** *******). ** ****, ** would *********** **** ***** ** ** competitive.

** ***** ***** *** ******* ** truly ***** ** ****** *** **** decisions ****** ********, ******* ******** ** working **** *** ********** ******** (********* they ********* ** *** ****, *.*., with *********).

*** ***** ** ****** ** ******* an ********** ***** *** ***** *** divestment.*** ******* ***** ******* *** ***** strong ********, *** ** ** ****** **** Bosch ***** *** ** ** ****.

********, ** ***** ******** ***** **** Bosch, *****, **** *******, ***** **** to ****** ************* (**** ****** ** acquisitions) ** ****** *********** ** ******** transitions **** *** ***** ******* **** decade.

Risks ** **********

** *** ***** ***** *****:

• ****** *****'* *****: *** ** ***** security's ******* ****** ** **** ** is *****, *** ******** ****** **** Bosch ** ***** *********** *** ******. This ** *** ** ********** *******, e.g., ****** ****** ** *** ******** than **** ** *** ******* *******, but ** ***** ******* *** ******** / *** ****** ** ** **** funded *** ********* ** ******** **** flow ** ** ***** ******* ******* for ***** ** ****.
• ******* **** ***** ******** *******: ******* Bosch ** ** ****** *** ************** run, ***** ******** ****** **** ****** stability *** *** **** ********** / risk ******. **** ***** ****** * significant *********** ******* ** * ******* / *********** ************ ***** ** ********** different ************.
• *** *** ********** ** ****: **** a ******* ****** **** ******* *** business? ** ** **** *** ** its *** ****** ******? **** **** other ************ *** ***** ********?

*******

***** ***** ******** ** ****** ****** competitively ** ******** ** ***** ** is, ** ** *** ** ****** that ** *** ****** ** ****** or ****** * ******* ******* ** most ** *** ******** ****** ***** either ** ******* ** ****** ************* in ******** ** ****** **. *********** how ******* ***** *** ****** / prioritized ******** *** **** * ******, divestment ** *** **** ********* ******.