On July 31, 2013, the Bosch Group opened its new Hungarian headquarters in Budapest in the presence of the Hungarian national economy minister. The new facility is home to 350 associates in sales, administration, and engineering, all of whom previously worked in neighboring rented premises. In total, the supplier of technology and services intends to invest some 100 million euros in Budapest by 2015. The location will have a total surface area of 50,000 square meters, which corresponds to roughly six football fields. The facility will also include an engineering center, which is currently under construction. Following the center’s completion in 2015, some 850 engineers will be relocated there from the rented offices they currently occupy.
Bosch has been present in Hungary since 1899. This investment underlines the company’s long-term commitment to the country. As the member of the board of management Uwe Raschke said during the ceremony: “For us, Hungary is an important manufacturing and engineering location with highly-qualified and motivated associates. This investment is a symbol of our confidence that the country will continue its positive development.” By the end of 2013, Bosch will have invested approximately one billion euros in its Hungarian locations since 2004.