The Bossard Group announced it is significantly expanding its presence in the aerospace industry by acquiring the Boysen distribution business of the German AQUAERO Group.
The business will continue to operate under the Boysen name. Boysen has a large international customer base and generates annual sales equivalent to CHF 29 million. Founded in 1967, the distribution company has a superior reputation for
high-quality fastening solutions. Headquartered in Munich, with further locations in Hamburg and Irving, Texas, Boysen employs 54 people. Its main sales market is Europe. AQUAERO’s owners, Oliver Dratius and Achim Mayenberger, decided to sell their Boysen business to focus on expanding the vertical integration of their development and production company SACS.
In recent years, the Bossard Group has shown substantial commitment to building up its expertise in the aerospace industry. In 2015, it acquired US distributor Aero-Space Southwest Inc. In 2016, Bossard received its official aerospace certification for France and Switzerland, an essential prerequisite in order to
operate in this demanding industrial sector. Earlier this year, it also received its aerospace certification in Italy.
Bossard believes that, based on the quality of its fastening solutions and engineering services as well as its proven expertise and innovation strength in the field of logistics solutions, it will be able to unlock additional development and growth potential in this demanding industry.
Bossard says this major acquisition is in line with its profitability-oriented growth strategy and will increase annual Group sales by around CHF 29 million. The deal is expected to close in July 2019, subject to customary conditions. The purchase price was not disclosed.
Source: Fastener and fixing