FountainVest Partners, a private equity firm, completed the acquisition of Bosch Mahle Turbo Systems, a manufacturer and supplier automotive parts, from Bosch, a German multinational engineering and technology company, and MAHLE, a German automotive parts manufacturer. Financial terms were not disclosed. “We are convinced that the market for turbochargers will continue to grow in the years ahead given this product will play a key role in emission reduction solutions. With its solid R&D foundation and advanced manufacturing technology, BMTS is well positioned to capitalize on this favorable industry trend. As part of our investment theme, we will continue to invest in BMTS to ensure the company will grow successfully and achieve a strong market position,” Frank Tang, Fountainvest Co-Founder and CEO.