Connectivity keeps Bosch on growth course
The Bosch Group once again increased its sales. According to preliminary figures, sales rose last year by a nominal 3.5 percent to some 73.1 billion euros. Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH said Bosch is in the midst of its most fundamental transformation process ever. Industries, markets, technologies – Bosch is actively shaping change. Bosch is making upfront investments running into billions of euros when it comes to connectivity over the internet of things (IoT) and the transition to electromobility. In 2016, the company increased its research and development spending to roughly 6.6 billion euros.