- Extreme CCTV is a technology leader in active infrared illuminators,
demanding environment cameras and license plate capture systems
- Publicly listed Extreme CCTV Inc. employs approximately 130 associates
- Bosch is offering 5.00 Canadian dollars per share
STUTTGART, Germany, Dec. 14 /CNW/ -- Bosch is planning to acquire all
shares of Extreme CCTV Inc., headquartered in Burnaby, Canada. With this
acquisition, Bosch intends to boost its Security Systems division and extend
its activities in video surveillance. Bosch is offering the company's
stockholders 5.00 Canadian dollars per share in cash. The stockholders of
Extreme CCTV include private and institutional investors as well as the
company management. The expected transaction volume is some 93 million
Canadian dollars (approximately 62 million euros). The transaction is subject
to approval by the authorities and is expected to close in February 2008.
Extreme CCTV is a technologically leading manufacturer and supplier of
active infrared illuminators for high performance imaging in dark conditions
and when visibility is poor, as well as video surveillance products for use in
all kinds of extreme environmental conditions including heat, cold, and
darkness. Furthermore, its product range includes systems for license-plate
In 2006, the company and its 130 associates worldwide generated sales of
some 27 million Canadian dollars (approximately 19 million euros). Extreme
CCTV has locations in Burnaby (Canada), Newcastle (U.K.), Church Crookham
(U.K.), and Barbados. The company has three well-known brands: Extreme,
Forward Vision, and Derwent.
"In acquiring Extreme CCTV, we want to extend our leading position in the
fast growing video-surveillance market," said Uwe Glock, president of the
Bosch Security Systems division. "The company's innovative technologies will
expand our product portfolio and strengthen our presence in Canada, the U.S.
and the U.K.," Glock said.
Even today, Bosch offers a wide range of systems and services in the area
of video surveillance, access control, intruder and fire alarms, and
evacuation systems. Bosch products include high-performance video cameras,
digital recording and video management systems, wireless intruder alarm
systems, and video network products. Bosch Security Systems solutions are used
in a wide range of industries, and applications such as banks, city centers,
industrial complexes, retail stores, train stations and airports. In 2006,
Bosch Security Systems and its 10,300 associates at 45 locations worldwide
generated sales of approximately 1.3 billion euros.
The Bosch Group is a leading global supplier of technology and services.
In the areas of automotive and industrial technology, consumer goods, and
building technology, some 260,000 associates generated sales of 43.7 billion
euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its
roughly 300 subsidiary and regional companies in over 50 countries. This
worldwide development, manufacturing, and sales network is the foundation for
further growth. Bosch spends more than three billion euros each year for
research and development, and in 2006 applied for over 3,000 patents
worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-
1942) as "Workshop for Precision Mechanics and Electrical Engineering."
The special ownership structure of Robert Bosch GmbH guarantees the
entrepreneurial freedom of the Bosch Group, making it possible for the company
to plan over the long term and to undertake significant up-front investments
in the safeguarding of its future. Ninety-two percent of the share capital of
Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable
foundation. The majority of voting rights are held by Robert Bosch
Industrietreuhand KG, an industrial trust. The entrepreneurial ownership
functions are carried out by the trust. The remaining shares and voting rights
are held by the Bosch family and by Robert Bosch GmbH.
Additional information can be accessed at www.bosch.com.
For further information:
For further information: Andreas Kempf of The Bosch Group,
+49-711-811-6285 Web Site: http://www.bosch.com