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Bosch Sells Starter Motor Division To ZMJ
Auto Components India
|February 2018
Bosch Sells Starter Motor Division To ZMJ
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The Bosch Group’s well-established starter motor and generator division has completed its transition to an independent company and will operate as SEG Automotive, effective immediately, including the local division SEG Automotive India. The company’s new owner is Zhengzhou Coal Mining Machinery Group Co (ZMJ) and an investment group. SEG Automotive India is an integral part of the global growth and production strategy.
Set up in 1958, ZMJ is one of the largest developers and manufacturers of mining machinery. With the acquisition of ASIMCO, a significant Chinese automotive supplier, ZMJ established the automobile sector as a second pillar of its business operations. In acquiring SEG Automotive, the Group is taking another logical step to becoming a global player in this sector. The Group comprises 22 subsidiaries, stock companies and holdings worldwide.
This story is from the February 2018 edition of Auto Components India.
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