Zug, October 15, 2024 – The Bossard Group has signed an agreement to acquire the German Ferdinand Gross Group. Headquartered in Leinfelden-Echterdingen, the Ferdinand Gross Group is one of the leading distributors of fastening technology in Germany. The Ferdinand Gross Group, which is celebrating its 160th anniversary this year, employs around 260 people and also operates locations in Hungary and Poland.
With the contemplated acquisition of the Ferdinand Gross Group, which expects net sales of around EUR 80 million for the current financial year, Bossard will further expand its already strong market presence in Germany and Eastern Europe. In combination with Bossard Germany, a leading distributor of customized fastening technologies, Bossard will be able to serve its customers in Germany and Eastern Europe even more comprehensively.
“I eagerly look forward to the upcoming collaboration with our new colleagues. The planned acquisition of the Ferdinand Gross Group not only brings together two companies with a long tradition, but also two strong partners who share common values and business philosophies – in the spirit of “Proven Productivity”,” says Daniel Bossard, CEO of the Bossard Group.
“Bossard is the ideal partner for the Ferdinand Gross Group and our employees to forge a joint path into the future. The strengths of both companies will form the basis for accelerating our growth and expanding our range of products and services, while ensuring that our customers continue to receive first-class service,” said Gerald Hering, Managing Director, who leads the company in the fifth generation. The closing of the transaction is expected in the first quarter of 2025 and is subject to the approval of regulatory authorities and other customary closing conditions. The acquisition will be financed through the use of existing credit facilities
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 more than 2,900 employees at 81 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. Visit Bossard.com
SOURCE: Bossard
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