According to Bosch Austria CEO Klaus Peter Fouquet, the underlying reason is that “Austria is booming and we are booming along with it”. Revenue is expected to rise by at least five percent this year, with demand remaining high, especially in the field of mobility. “Above all, the good OEM (original equipment) business contributed to this development along with the ongoing high level of demand for injection systems for large-size engines and exhaust aftertreatment systems”, Fouquet added.
In addition to the core business, the Bosch Group mainly wants to grow with Internet-based technologies. In Austria, “the developers at the Vienna facility bundle the entire software know-how relating to the Internet of Things.” They are working on networked parking and smart home technologies. Vienna is also an important location for the development of all kinds of drive systems, Fouquet stated. On balance, investments on the part of Bosch Austria rose thirteen percent to EUR 24 million in 2017, and the company employed a workforce of about 2,900 people. 1,000 of them are involved in research and development. The total number of employees is expected to increase to about 3,000 by the end of 2018.