[1] The group stemmed from a joint venture set up in May 1967 between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich), and it posted annual sales of 14.8 billion euros in the year 2023.
[2] In September 2014, Robert Bosch GmbH agreed to purchase Siemens' 50% stake in the joint venture for 3 billion euros.
and at that time increased the number of its production sites with factories in Dillingen, Germany, and Athens, Greece.
The shared, centrally located administration building laid the cornerstone for BSH's corporate identity and functioned as a clearly visible external sign of the internal amalgamation.
The aim was to systematically develop the German exporter into a global home appliance company with an international technology, marketing and sales network.
BSH essentially expanded in countries where the home appliance market was growing or showed potential for growth.
[6] The initial strategy centered around the founding of the sales and customer service companies in Europe in the 1980s: 1984 and 1986 in Great Britain[7] and Spain,[8] 1985 and 1987 in France[9] and 1987 in Greece[10] and Norway.
This was followed by the acquisition of additional production sites in Łódź, Poland; Chernogolovka, Russia; Michalovce, Slovakia; Vitoria and Echarri-Aranaz, Spain; and La Follette, Tennessee and Vernon, Vermont in the U.S.
In 2001, BSH established BHST Washing Appliances Ltd. in Kabinburi, Thailand in a joint venture with the Hitachi Group.
That same year, the cornerstone was laid for a dryer factory in Łódź, Poland, and BSH Electrical Appliances (Jiangsu) Co. Ltd. was founded in Nanjing, China.
In 2009, washing machine production started up in Nanjing and BSH Home Appliances Private Limited was founded in Mumbai, India.
In 2011, the newly constructed Laundry Technology Center was opened in the Technopark in Berlin, Germany, as a replacement for the Berlin-Gartenfeld location.
In November 2012, BSH also announced its intention to acquire the Polish home appliance manufacturer Zelmer by means of a public takeover bid.