Bossard Agrees to Acquire Ferdinand Gross Group

The Bossard Group, Zug, Switzerland, has signed an agreement to acquire the Ferdinand Gross Group, headquartered in Leinfelden-Echterdingen, Germany. The Ferdinand Gross Group is a leading distributor of fastening technology in Germany and is celebrating its 160th anniversary this year. Gross employs around 260 people and also operates locations in Hungary and Poland. With the contemplated acquisition of the Ferdinand Gross Group, Bossard expects net sales of around €80 million for the current financial year. This acquisition will further expand the company’s strong market presence in Germany and Eastern Europe. “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. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and other customary closing conditions. https://www.bossard.com/