Bossard Holding AG

From Wikipedia, the free encyclopedia
Bossard Holding AG
ISINCH0238627142
IndustryFastening technology
Founded1831
Headquarters
Zug
,
Switzerland
Key people
Daniel Bossard (CEO), Thomas Schmuckli (Chairman)
Revenue812.8 Mio. CHF (2020)
Total assets641,308 Mio. CHF (2020)
Number of employees
2,500 (2020)
Websitewww.bossard.com

Bossard Group is an internationally active Swiss fastener technology and logistics company with its headquarters in Zug. Their activities include worldwide sales, technical advice and inventory management. The Group employs around 2,500 employees at 83 locations in Europe, America and Asia/Pacific and in 2020 generated a turnover of 812.8 million Swiss francs. Bossard Group is listed on the Swiss Stock Exchange SIX Swiss Exchange.

History[]

The Bossard hardware store in 1831

The company was founded in 1831 in Zug as a hardware store by Franz Kaspar Bossard-Kolin. The earlier silk trading business inherited from his father-in-law was dissolved at the same time. The hardware store kept its local character roughly a century before the company expanded its business activity in the 1930s and 1940s to trading fasteners. The local specialized store first developed into a regional, and from the 1950s into a national, company. From the 1960s Bossard began to set up and expand an international network of bases. In the course of expansion, the company went public on the stock market in 1987. The recession at the beginning of the 1990s and the associated worsening business trend led Bossard to a review of the entire organization. In doing so the company focused on the core competence of fastening technology and the gradual selling off of all its tools, fittings and handicraft units. Bossard is active in the field of fastening technology in Europe, America and Asia. In November 2012, the Bossard group acquired the KVT Koenig Group's range of fastening technology.[1]

At the beginning of 2019, Bossard Group acquired BRUMA Schraub- und Drehtechnik GmbH in Velbert.[2] On June 24, 2019, the company also acquired the distribution business of SACS Boysen Aerospace Group, which will continue to operate under the Boysen name.[3] Bossard Group also increased its majority stake in Torp Fasteners, based in Oslo, Norway, from 60% to 100% at the beginning of 2020. Bossard has held a stake in the company, which specializes in high-quality fasteners, since January 2015.[4] In December 2020 Bossard acquired shares in MultiMaterial-Welding GmbH, thus expanding its portfolio to include pioneering lightweight fastening solutions.[5]

Field of activity[]

The company is engaged in product solutions and services in industrial fastening technology. The product range comprises over 1,000,000 fasteners and customer-specific application solutions, combined with services in the areas of Smart Factory Logistics and Assembly Technology Expert. Bossard maintains an international procurement network for screws and fasteners. The company works together with 4,600 manufacturers.

Trivia[]

The company has secured the naming rights to the new stadium of EV Zug for ten years from 2010. The ice hockey stadium is listed under the name of Bossard Arena.[6] Bossard AG has exercised its option to extend the naming contract for the period from August 1, 2020 to July 31, 2025. The extension is part of the contract concluded in 2010 for the naming rights of the then newly built ice stadium.[7]

References[]

  1. ^ Bossard acquires part of KVT Group http://www.zug4you.ch/cms/output.php?id=353&article_id=5742
  2. ^ https://www.bossard.com/global-en/about-us/news-and-press-releases/2019/02/acquisition-of-bruma/
  3. ^ https://www.bossard.com/global-en/about-us/news-and-press-releases/2019/06/expansion-of-aerospace-business/
  4. ^ https://www.bossard.com/global-en/about-us/news-and-press-releases/2020/01/bossard-increases-its-holding-in-torp-fasteners-to-100-percent/
  5. ^ https://www.bossard.com/global-en/about-us/news-and-press-releases/2020/12/multimaterial-welding/
  6. ^ Bossard gets stadium naming rights for CHF 2 million http://www.zug4you.ch/bossard_gets_stadium_naming_rights_for_chf_2_million.html
  7. ^ https://www.bossard.com/global-en/about-us/news-and-press-releases/2020/02/bossard-arena/

External links[]

Retrieved from ""