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Bosch increases digital presence with stake in online firm BOXT

Robert Bosch UK Holdings has become a minority shareholder in online start-up BOXT Limited, based in Leeds

Robert Bosch UK Holdings has become a minority shareholder in online start-up BOXT Limited, based in Leeds. The firm, established in 2017, BOXT currently employs 30 people. The company operates an online digital platform that connects consumers to installers and enables the purchase of new heating systems online.  

Bosch Thermotechnology already has broad-based expertise in product and service solutions for the connected world, having already sold more than 320,000 connected products. Carl Arntzen, appointed representative of Robert Bosch UK said: “BOXT will help expand our range of online service solutions even further.”

Mr Arntzen noted the heating market is continuing to see a strong trend towards digitalisation, with consumers  increasingly looking to purchase goods and services online in a quick and convenient way. He said: “We fundamentally believe that emerging digital routes-to-market can run alongside the more traditional business models to meet the needs of a wider variety of end customers. We would not in any way want to jeopardise relationships with any of our valued installers and merchant customers. By working closely with all of our installer customers, regardless of their chosen business model and route-to-market, we can help to ensure quality standards remain high and independent installation businesses continue to be supported by us to develop digitally.a”

 

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