SFS Group AG entered into an agreement to acquire Hoffmann SE.
December 21, 2021
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SFS Group AG (SWX:SFSN) entered into an agreement to acquire Hoffmann SE on December 21, 2021. A portion of the purchase price will be paid in the form of SFS Group shares. Hoffmann will be incorporated into the SFS organization as the second division within the Distribution & Logistics segment and the transaction does not include Contorion, the eCommerce subsidiary of Hoffmann SE, which is geared toward a different customer segment. The Board of Directors and Group Executive Board of the SFS Group will be strengthened with key individuals from Hoffmann. The Board of Directors of SFS Group will request at the Ordinary General Meeting on April 27, 2022, that shareholders elect Peter Bauschatz, currently Chairman of the Supervisory Board of Hoffmann, to SFS's Board of Directors and Hoffmann's current Chairman of the Executive Board, Martin Reichenecker, will join the Group Executive Board of SFS when the transaction is completed, subject to the usual closing conditions. In 2021, Hoffmann generated sales of approximately EUR 1.0 billion(CHF 10.3 billion). The transaction is expected to be concluded in the first half of 2022. The transaction will have a positive impact on earnings per share from the first year on. As of April 15, 2022, The Competition Council of Romania has approved the transaction.
Philippe Weber and Thomas Brönnimann of Niederer, Kraft & Frey acted as legal advisor to SFS Group. Urs Kägi, Susanne Schreiber, Mani Reinert and Thomas Stoltz of Bär & Karrer acted as legal advisor to the owners of Hoffmann. Maximilian Grub, Kai Wallisch, Karsten Heider, Tobias Grau, Sabina Krispenz, Maximilian Schneider, Martin Mohr, Christian Haellmigk, Oliver Simon, Michael Rein, Julia Dönch, Volker Zerr, Dorothée Janzen, Birgit Wagner, Stephanie Schulz, Steven Washington, Louisa von Oldershausen and Alexander Stadahl of CMS legal advisor to SFS Group.
SFS Group AG, formerly SFS Holding AG, is a Switzerland-based company that develops and manufactures mechanical fastening systems and precision formed components. The Company serves the automotive, construction, construction supply, electrical, electronics, aerospace and medical components industries. It consists of three operating segments which represent the three business models: Engineered Components, which are customer-specific products under the SFS intec and Unisteel brands; Fastening Systems, which are application-specific products under the SFS intec and GESIPA brand, and Distribution and Logistics, which are market-oriented product ranges and logistics solutions under the SFS unimarket brand throughout Switzerland. Its subsidiaries include, among others, Ncase Limited, a supplier of subframes for rainscreen cladding, as well as developer and manufacturer of disposable products made of metal and plastic for medical device original equipment manufacturers (OEMs).
SFS GROUP AG 
