Bosch has examined Spac deals for the e-drive and lidar division

Frankfurt, Stuttgart According to financial circles, the automotive supplier Bosch was considering going public in 2021 through the back door of two growth divisions. The group had therefore examined various options for the strategic further development of selected business areas such as electric drives and lidar sensors last year.

The company also held talks about a possible merger of the units with listed, empty stock exchange shells (spacs). As a result, they would be listed on the stock exchange without having to go through the complex IPO process and could later collect money for further growth steps through capital increases. In view of the situation on the capital markets, however, the talks are on hold.

With software and microchips, Bosch has now defined two other major growth areas and is investing three billion euros in semiconductor production. However, the division for electric drives and sensors is also considered promising, as it develops key technologies for future mobility, including autonomous driving.