Founded in Stuttgart in 1886, Bosch is involved in a wide range of industries, from automotive and energy to consumer goods. At the 1933 Leipzig Spring Fair, Bosch's first refrigerator with a compressor was unveiled and beat all competitors with modest power consumption and a relatively low price. Today, Bosch has become the No. 1 brand in the European home appliance market. Bosch's rapid cooling technology automatically switches to normal operation after a quick freeze of food, and GCM27AW40 model freezer meets Euro A energy efficiency standards, ranking second in the topten.eu European commodity rankings. Bosch freezers are priced between 349 and 933 euros in Europe.