Bosch and Ads-tec will pool their activities in the market for electric storage systems and their management. For this purpose, Bosch Thermotechnology will acquire a 39% stake in Ads-tec Energy, a wholly-owned subsidiary of Ads-tec Group.
“In cooperation with Ads-tec Energy, we can offer comprehensive systems for local energy management in buildings and housing estates, thus making an important contribution to the energy transition,” said Uwe Glock, chairman of the board of management of Bosch Thermotechnik. “Our investment in Ads-tec is the perfect strategic fit for our forward-looking positioning as a digital climate and energy company.”
“We are looking forward to cooperating with Bosch Thermotechnology and to the new possibilities this cooperation will open up. Decentralized, digital electric energy systems will be developed out of a niche to become a regular feature of our everyday life,” added Thomas Speidel, CEO of Ads-tec and president of Bundesverband für Energiespeicher (BVES – Federal Energy Storage Association).
“Renewable energy, electromobility and the increasingly important role played by electric energy in the heat sector are growth drivers for new products and solutions. We ideally complement each other and will mutually add value to our activities.”