Hungarian Investment Promotion Agency

Bosch group is a market leading international supplier of diverse technologies and services. The group is active in four business areas: mobility solutions, industrial technology, consumer goods, and energy and building technology. It has approximately 402,000 employees worldwide, 62,500 of whom are active in research and development, as the company's innovative power is the base of its future growth.

Bosch has been present in Hungary since 1889, and in these nearly 120 years, it evolved into a significant company group that is one of the largest foreign employers in Hungary. In business year 2017, the turnover of the Bosch group and its nine Hungarian subsidiaries was more than HUF 1300 billion. The Hungarian Bosch group currently employs more than 14,000 people. The retail and service network of the various manufacturing, commercial, and development units covers the entire country, and Bosch's European Logistics Centre is also located in Hungary.

The Budapest Engineering Center, active since 2005, is more and more significant as the location of Bosch's worldwide development work, and with its more than 24 departments and more than 2400 employees, it has become the second biggest European R&D site after Bosch's German unit. It plays an important part in developing autonomous and electric mobility solutions as well as being one of the most significant automobile electronics research, development, and test centres of the Bosch group. The dynamic evolution of the centre that works on projects including ABS, ESP, airbag, engine control, and automatized parking systems, and the next-generation development projects justified purchasing the new lot next to the current Bosch campus.

The new Bosch campus will be built on a total of 90,000 square metres, in two phases and will be able to host 1800 employees. In the first phase, the main building that is going to house creative spaces, innovation zones, relaxation areas, a conference room, and an employee cafeteria will be built. Laboratories will also be constructed in the first phase, by 2021, including a special, cutting-edge chamber able to fit an entire car, allowing for unique measurement capacities. The new, green-roof campus and the present campus building that opened five years ago will be connected by a footbridge.

In addition, a 10,000 square metre test track for the ultrasound, radar, and camera-based testing of driving support systems is a priority element of the investment.

Daniel Korioth stated at the ceremony.