# Bosch acquires EM-motive electric motor joint venture from Daimler

Bosch announced it will take over EM-motive, the 50-50 electric motor joint venture with Daimler, by acquiring Daimler's shares. The purchase price was not disclosed, and the deal is subject to antitrust approval.

- Type: Acquisition
- Announced: 2019-01-27
- Where: Stuttgart and Hildesheim, Germany, Germany
- Status: announced
- Products: electric motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Bosch](https://endata.com/companies/1725.md) (acquirer)
- [Daimler](https://endata.com/companies/3543.md) (target)
- [EM-motive GmbH](https://endata.com/companies/36878.md) (target)

## Sources

- [insideevs.com](https://insideevs.com/news/342440/bosch-takes-over-em-motive-electric-motor-joint-venture-with-daimler/), 2019-01-27: "Right from the establishment of the joint venture, Bosch secured an option to acquire the shares."
- [evbite.com](https://evbite.com/bosch-takes-full-control-of-motor-maker-em-motive-from-daimler/), 2019-02-19: "For Bosch, the complete acquisition of EM-motive is the next logical step on the path to becoming the market leader for electromobility."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.