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Bosch Rexroth Benefits From Hermes Award 2013
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Hermes honorary award 2013 was won by Bosch Rexroth, the best drive and control technologies professional in the opening fair of Hannover Messe trade fair. The company was honoured with this particular award mainly for their innovative blend of machine software and information technology, also the award was given through the German Minister for Federal Education, Prof. Doctor Johanna Wanka.
Analysing the award using the entrant's software integration with hardware and also Information Technology concepts. The theme of the Hannover Messe 2014 entails "integrated industry" which Bosch Rexroth's "Open Core Engineering" software considered and this has earned Bosch Rexroth the award. The Hermes Award has now been awarded to forward-thinking organizations for a decade, and is one of the leading technology awards worldwide.
Dr. Karl Tragl, who is the chairman of Bosch Rexroth, received the award as well as took great pride in the company to be recognised for their effort. Dr Karl Tragl illuminated the significance of moving with the times and modernising technology to maintain the rift between machine and software to a minimum.
Open Core Engineering permits users to create new functions for already existing software, giving the possibility to utilize several programming languages and directly utilise the control core. In circumstance of merging IT with machine software this method is very important. The user interface can be manipulated for personal choice. Open Core Engineering may also be associated with company's proprietary applications, which makes the means of automation less difficult.
Bosch Rexroth is one of the world's leading engineering firms, and it is located in Lohr am Main, Germany. It is the result of an accumulation of the variety of related businesses, all dealing with industrial products and systems such as pneumatics. It provides technical training for areas such as hydraulics and also products available for sale.
Based on an estimate in 2011, Bosch Rexroth a 200 year old company, is evaluated at above â‚¬6.5 billion. Sometime close to 1795, the business was founded simply by George Ludwig Rexroth, using a water-powered hammer installation and has improved substantially since then. Its clients and consumers include automation companies for factories and also energy businesses. The effectiveness and efficiency of Bosch Rexroth's depend on innovation, as well as its research and development team number above 2,000. Bosch Rexroth has created branches in 80 countries all over the world and its employee base is roughly thirty-eight thousand. Additionally, the equipment and technology innovation utilized in the Three Gorges Dam of China and also the Panama Canal locks' is being managed by Bosch Rexroth and also it is their responsibility for improving on them.
It is actually fascinating to know that this is not just the only Bosch Rexroth news to come to the fore recently. A subsidiary of Bosch Rexroth, Rexroth Pneumatics, was sold to private equity firm Triton Partners by the drive and control company for an undisclosed amount. There was a negotiation between Bosch Rexroth and Triton Partner's Director of the General Partner of the Triton Funds Peder Prahl aimed to get to a successful business arrangement after the announcement sometime in early 2012 that the pneumatics business could be placed on the market.
The deal came to an end by the 31st of Dec 2013, with Triton Partners buying the whole of the Hannover/Laatzen based business. Finally, it is also good to know that Rexroth Pneumatics operates in more than 35 countries across the globe and also creates essential elements for machinery, auto and transport sectors.
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