Engineering giant Bosch plans to buy Melbourne-based motorsport technology company MoTeC Group, a supplier of racing series with competitors at Supercar, NASCAR and Dakar Rally.
The contracts for the planned acquisition were signed by Bosch and MoTeC Group in June 2022. The parties have agreed not to disclose the purchase price and the transaction is subject to the approval of the relevant unified regulatory authority.
MoTeC will be part of Bosch Motorsport, a business unit of Bosch Engineering GmbH, a 100 percent Bosch subsidiary based in Abbott, Germany.
MoTeC serves Australia, Asia-Pacific, Europe, the United States and Japan through a network of approximately 250 dealers, building vehicle and engine control units, displays, data loggers and onboard power supply control units for both combustion and electric motorsport vehicles.
Bosch Motorsport Vice President Klaus Boetcher said: “Through MoTeC Group’s many years of experience and extensive expertise, we are strengthening our position in motorsport through its global dealer network and ideally complementing our product portfolio.
MoTeC Group employs 54 people worldwide within its headquarters and a sales and technical customer service office in Banbury, UK. The MoTeC Group business will continue to operate as a separate legal entity under its own brand, Bosch added.
MoTeC billed itself as a world leader in motorsport technology in the late 1980s and today.
Its customers include Le Mans, NASCAR, FIA GT, Australian Supercar, Indy Car, Dakar Rally, World Superbike, Top Fuel and Sport compact drag racing, Porsche Carrera Cup, World Rally, Group N Rally, Formula Ford and even competitors. V8 jetboat.