HOFFMAN ESTATES, IL – Bosch Rexroth AG, parent company of Bosch Rexroth Corp., reported $8.3 billion in 2008 sales, up 9.8% year-over-year.
Sales in the Americas were up nearly 8%. The company anticipates a significantly weaker performance for the current fiscal year, but said it is maintaining its R&D investment.
The Bosch subsidiary spent around $364 million on R&D in 2008, or 4.5% of sales.
The growth experienced last year by the manufacturer of drive and control technologies was led by developments in the German, European and Asian markets.