Since the ancient Egyptians began using a hand-powered lathe centuries ago, man has striven to make arduous building and assembling tasks easier, quicker, and more efficient through power tools. We've come a long way from those sand-covered turning machines, but the end goal is no different from our desert-dwelling ancestors. Today, nearly every home in every industrialized country houses and uses power tools. Even though the concept of the power tool has been around for a long time, it wasn't until the late 1800's when the first modern-era power tools became possible. The advent of electric motors made highly-efficient stationary and portable power tool technology a reality, and high-speed assembly lines made power tools both affordable and profitable. The Bosch company was at the forefront of power tool technology in those early years. Founded in 1886 Germany by Robert Bosch, the company initially focused on automobile components with integrated electric parts, and was responsible for such developments as the first low-voltage magneto ignition. Before long, companies in other industrialized nations began developing the first electric power tools, and Bosch introduced its first power drill in 1932. Today, Bosch still engineers and manufactures automotive parts, and its power tool division has grown to include nearly every household and assembly tool on the market - including power drills, belt sanders, circular saws, and more. As part of the company's growth, it has acquired other successful power tool manufacturers that started during the same early 20th century era.