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Tuesday, March 18th 2014

6:23 PM

Hermes Honorary Award 2013 Won by Bosch Rexroth

Hermes award 2013 was won by Bosch Rexroth, the drive and control technologies specialist in the opening fair of Hannover Messe trade fair. Presented through the German Minister for Federal Education, Professor Doctor Johanna Wanka, this award was presented basically for the company's innovative blend of machine software and information technology.

This award was evaluated around the entrants' software integration with hardware and IT concepts. Bosch Rexroth's "Open Core Engineering" software was awarded the award due to the evidence of considering "integrated industry", the theme of the 2014 Hannover Messe. Herme Award is among the leading technology honours worldwide and it has been awarded to forward-thinking companies for almost a decade.

The Chairman of Bosch Rexroth, Doctor Karl Tragl, accepted the award and also commented on pride of the organization on getting recognised for hard work. Moving gradually with time and keeping the rift in between machine and application to the minimum amount simply by modernising technology is a vital factor emphasized simply by Dr . Karl Tragl.

Open Core Engineering enables users to create new functions for existing application, giving the option to use several programming languages and also to directly utilise the control core. This is important for the purpose of combining of information technology with machine software program. For individual preference it is possible to change the user interface. Open Core Engineering can be linked to company's proprietary programs, which makes the process of automation easier.

Bosch Rexroth is probably the world's leading engineering firms, and it is located in Lohr am Main, Germany. Furthermore, it has also been realised the accumulation of the number of related companies, all dealing with industrial products systems just like pneumatics. In various areas such as hydraulics as well as products available for sale, it actually provides technical training.

A 200 year old organization, Bosch Rexroth is worth over €6.5 billion, based on 2011 estimates. Sometime close to 1795, the business was established through George Ludwig Rexroth, with a water-powered hammer installation and has progressed substantially ever since then. The majority of its clients and consumers include automation companies for factories and also renewable energy businesses. Bosch Rexroth's effectiveness is based on innovation, as well as its research and development team number over 2,000. Bosch Rexroth has set up branches in 80 countries all over the entire world as well as its employee base is roughly thirty-eight thousand. Additionally, the equipment and technology innovation utilized in the Three Gorges Dam of China and the Panama Canal locks' is being managed by Bosch Rexroth and it is their duty for enhancing on them.

This is simply not the only Bosch Rexroth news to come to the fore recently. A subsidiary of Bosch Rexroth, Rexroth Pneumatics, had been sold to private equity finance firm Triton Partners by the drive and control company at an undisclosed total. There was a discussion between Bosch Rexroth and Triton Partner's Director of the General Partner of the Triton Funds Peder Prahl aimed to get to an excellent business arrangement following the announcement sometime in early 2012 that the pneumatics business would be put up in the marketplace.

The deal came to a close by the 31st of Dec 2013, with Triton Partners buying the entirety of the Hannover/Laatzen based business. Rexroth Pneumatics produces essential parts for the machinery, auto and transport sectors, and operates in more than 35 countries across the world.

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