Bosch Subsidiary in Budapest Welcomes New CEO
Bosch Rexroth Ltd., a leading manufacturer of drive and control technology based in Budapest, has appointed a new CEO. Daniel Prekel, a German-born executive with twenty-one years of experience at the company, has taken over from István Ács, who has been managing the business for over two decades.
As a member of the German Bosch Group, Bosch Rexroth Ltd. plays a significant role in the market for drive and control technology in Hungary. The company, which employs 133 people, provides innovative solutions to support the automation and digitalization development of the country’s industrial sector.
The company’s focus on automation is driven by the increasing demand from industries such as food, pharmaceuticals, and logistics. These sectors are increasingly relying on Bosch Rexroth’s advanced industrial automation systems to reduce costs and ensure quality. The rise of electric vehicles in the automotive sector has also created opportunities for the company’s solutions.
According to a press release from the company, automation investments are seen as essential for competitiveness, with the potential to reduce costs in the short term. Financially, Bosch Rexroth reported revenues of over HUF 30 billion in 2022 and more than HUF 28 billion in 2023, with profits increasing from HUF 1.08 billion to almost HUF 1.75 billion.
With the appointment of Daniel Prekel as the new CEO, Bosch Rexroth Ltd. is poised to continue its growth and success in the field of drive and control technology. The company’s focus on innovation and automation will undoubtedly contribute to further development and expansion in the Hungarian industrial sector.
