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BSH Bosch und Siemens Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. The group was founded in 1967 as a joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). In 2013 it posted annual revenue of about 10.5 billion Euros. Today, BSH operates 41 factories in 13 countries in Europe, the US, Latin America and Asia. Together with a global network of sales and customer service subsidiaries, the BSH family is today made up of over 80 companies in 47 countries, with a total workforce of about 50,000 people, of which more than 70 percent are employed in Europe.