Engineering giant Bosch plans to buy Melbourne-based motorsport technology firm MoTeC Group, supplier to racing series including Supercars, NASCAR, and competitors in the Dakar Rally.
Contracts for the planned acquisition were signed by Bosch and the MoTeC Group in June 2022. The parties have agreed not to disclose the purchase price, and the transaction is subject to approval by the relevant merger control authorities.
The MoTeC company will become part of Bosch Motorsport, a business unit of Bosch Engineering GmbH, itself a 100 per cent Bosch subsidiary based in Abstatt, Germany.
MoTeC makes vehicle and engine control units, displays, data loggers and onboard power supply control units for both combustion and electric motorsport vehicles, serving Australia, Asia-Pacific, Europe, the US, and Japan through a network of around 250 dealers.
“With the MoTeC Group’s many years of experience and comprehensive expertise, as well as its worldwide dealer network, we are strengthening our position in motorsports and ideally complementing our product portfolio,” says Bosch Motorsport vice president Klaus Boettcher.
The MoTeC Group employs 54 people worldwide between 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 dates to the late 1980s and today bills itself as a world-leader in motorsport technology.
Its customers have included competitors in Le Mans, NASCAR, FIA GT, Australian Supercars, Indy Car, Dakar Rally, World Superbikes, Top Fuel and Sport Compact drag racing, Porsche Carrera Cup, World Rally, Group N Rally, Formula Ford, and even V8 Jetboats.