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Bosch, Europe’s largest private industrial group and the world’s biggest car parts supplier, is embarking on an acquisition spree after two years of relative reticence as the financial crisis makes companies much cheaper. Franz Fehrenbach, chief executive of the German conglomerate, said the group would spend far more than the €800m ($1.2bn) it spent last year on deals as it attempts to expand in its machine and consumer goods arms as well as in Asia.