Protec employs around 1,100 employees at its nine European locations in the UK and the Netherlands and generated sales of £125 million (around 142 million Euro) in the fiscal year 2021, according to preliminary figures.
“With the acquisition of Protec, Bosch Building Technologies aims to expand its business and grow further in the European market,” says Thomas Quante, president of Bosch Building Technologies. The purchase price was not disclosed. The acquisition is subject to approval by the relevant antitrust authorities.
Protec is one of the leading system integrators for security and fire detection technology in the UK – the largest market in Europe after Germany. Bosch Building Technologies currently has the focus of its European system integrator business in Germany and the Netherlands. In addition, the Bosch division is also active as a system integrator in the USA and Asia.
“With its market presence in the UK, Protec is an ideal complement for Bosch Building Technologies. Together, we want to continue to expand the business, building on Protec’s strong brand with an innovative product and service offering, the highly experienced management that is committed to the company, and the employees who have in-depth industry knowledge and a high level of customer service”, said Quante.
Protec Fire and Security Group Ltd was founded in 1968. Founder and chairman Barrie Russell said: “With Bosch, we found a great partner who values our history, brand and our extraordinary team. I believe this cooperation will open up great opportunities for our company as well as our employees and lead into a successful future.
Alongside the UK, the Netherlands is another important market for Protec, accounting for the largest share of its overseas sales. Here, the company is mainly active under the brand Hacousto Protec.
Protec maintains five sales locations in the UK in addition to its corporate headquarters with an affiliated development and manufacturing centre in Nelson, Lancashire. Further, the company has three locations in the Netherlands.