Zug, July 1, 2024 – The Bossard Group expands its market position with innovative fastening technologies by acquiring the Belgian company Dejond Fastening NV (“Dejond”).
Dejond Fastening NV, headquartered in Antwerp, employs 68 people and expects net sales of around EUR 15 million for the current financial year. With its own brand Tubtara® , the company is one of the leading manufacturers of blind rivet nuts and specializes in the distribution of high-quality fastening systems. Tubtara® is a pioneer in innovative solutions for sheet metal, profiles, composites and plastics fastening solutions for a wide range of industries.
Dejond’s solutions enable engineers to optimize both their product design and manufacturing processes which fits well with Bossard’s “Proven Productivity” philosophy. With this acquisition, Bossard will further strengthen its market presence in the Benelux region.
“Bossard has been working with Dejond for over 30 years. We have consistently been impressed by their reliability and innovations ever since. By combining their technical expertise with our global market reach, technical sales expertise and trusted access to a wide range of industrial customers, we see great potential to offer even more value to our existing and new customers.”, said Daniel Bossard, CEO of the Bossard Group.
“Becoming part of the Bossard Group guarantees continuity for our existing customers and it opens up completely new possibilities to expand the global market presence of Tubtara®. It will give us new opportunities to widen our product offering and invest into new technologies and sales capabilities.”, said Jan Maeyens, Director R&D and Manufacturing at Dejond.
The metal business including the Metal Service Center are not part of the acquisition and will continue to operate independently under the name Dejond NV. The acquisition is being financed through the use of existing credit facilities. Both parties have agreed not to disclose the purchase price for the transaction concluded on June 28, 2024.
About Bossard:
The Bossard Group is a leading strategic partner for industrial fastening and assembly technology solutions to OEM customers globally with proven expertise in engineering and logistic services
Bossard was founded in Zug in 1831. Today, local and multinational companies count on Bossard’s expertise to increase their productivity – with success. Bossard calls this concept, which is also a promise to its customers, Proven Productivity. This includes, among other things, optimizing processes and reducing inventories to increase the efficiency and productivity sustainably. In addition, Bossard is considered a pioneer in developing intelligent production facilities in line with Industry 4.0. With 2,900 employees at 82 locations in 31 countries throughout the world, the Bossard Group generated CHF 1,069.0 million in sales in the financial year 2023. Bossard is listed on the SIX Swiss Exchange.
Bossard Group P +41 41 749 66 11
Steinhauserstrasse 70 F +41 41 749 66 22
CH-6301 Zug www.bossard.com
investor@bossard.com
SOURCE: Bossard
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