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Bosch Agrees to Acquire Detection Systems Inc. by a Tender Offer

12 December 2000

Bosch Agrees to Acquire Detection Systems Inc. by a Tender Offer

    STUTTGART, Germany, Dec. 11 Robert Bosch GmbH has entered
into an agreement today with Detection Systems Inc. ,
Fairport/N.Y. (USA), a company traded on the Nasdaq exchange, to commence a
tender offer to purchase all shares of Detection Systems.  The agreement
includes an option to acquire the shares owned by the senior management of
Detection Systems.
    Detection Systems is a leading manufacturer of electronic security
equipment with locations in the U.S., France, Great Britain, China, and
Australia, and has 1,150 employees.  The company expects to achieve sales of
US-$140 million for the current business year.
    The Security Systems Product Division of Robert Bosch GmbH expects to
achieve sales of around DM 850 million this year and has around 3,300
employees.  Bosch considers the acquisition of Detection Systems an excellent
addition to its activities, which so far concentrated mainly on the European
market.  The partners will in future jointly serve the U.S., Asian and
Australian markets.