Majority stake · Closed Feb 2005
Bosch's BBT Thermotechnik acquires Controlled Energy Corp.
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Summary
BBT Thermotechnik, a Bosch Group heating-products manufacturer, acquired 100% of U.S.-based Controlled Energy Corp. (CEC), a maker of instantaneous gas water heaters with 70 employees and $34M annual U.S. sales. CEC and Buderus are to be merged into a new company, BBT North America.