SFS Group to acquire 100% of Hoffmann SE

SFS Group announced an agreement to acquire 100% of Hoffmann SE, a Munich-based tools distributor with ~3,000 employees and ~EUR 1.0 billion in 2021 sales. A portion of the purchase price will be paid in new SFS shares, subject to shareholder approval on January 31, 2022.

“SFS Group has announced the entry into an agreement to join forces with and acquire 100 per cent of Hoffmann SE.”nkf.ch

• 1 source
• nkf.chSFS Group joins forces with Hoffmann SE - Niederer Kraft FreyDec 23, 2021

Summarized from public sources; check the original articles before acting on it.