Bosch, a global supplier of technology and services, agreed to acquire MoTeC Group, a firm that offers a wide range of motorsports technology for the customer racing market. Financial terms were not disclosed. "With the MoTeC Group’s many years of experience and comprehensive expertise, as well as its worldwide dealer network, we are strengthening our position in motorsports and ideally complementing our product portfolio,” Klaus Boettcher, Bosch Motorsport Vice President.