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 GmbH, a wholly-owned subsidiary of ads-tec Group, Nürtingen. The corresponding agreement was signed in Wernau on 12 October 2018. The transaction is subject to the approval of the anti-trust authorities. The parties agreed not to disclose the financial details of the agreement. 

"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. Our investment in ads-tec is the perfect strategic fit for our forward-looking positioning as a digital climate and energy company," said Uwe Glock, Chairman of the Board of Management of Bosch Thermotechnik GmbH. "We are looking forward to cooperating with Bosch Thermotechnology and to the new possibilities this cooperation will open up. Decentralised, digital electric energy systems will be developed out of a niche to become a regular feature of our everyday life. 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," added Thomas Speidel, CEO of ads-tec and President of Bundesverband für Energiespeicher (BVES - Federal Energy Storage Association). 

Glock and Speidel see great potential for local electric energy management in cities and housing estates. Intelligent sector coupling is key to meeting the demands people make Seite 2 von 3 

on the energy supply in their neighbourhoods. For companies operating in this sector it is important to position themselves as strong suppliers of integrated systems solutions and services. 

Sector coupling means that different forms of energy such as electricity, gas as well as heat and cold are connected and transformed using heat pumps, cogeneration units, fuel cells, photovoltaic systems and, going forward, increasingly also electromobility. A growing number of such products and solutions are developed also for private households, industrial enterprises, energy suppliers and infrastructure operators, with digitisation and intelligent management playing a critical role. In this context, the Internet of Things also becomes the Internet of Local Energy Supply. 

ads-tec | www.ads-tec.de

Bosch | www.bosch.com