# 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.

- Type: Acquisition
- Announced: 2021-12-22
- Where: Munich, Germany
- Status: announced
- Products: quality tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SFS Group](https://endata.com/companies/20048.md) (acquirer)
- [Hoffmann](https://endata.com/companies/43610.md) (target)

## Sources

- [nkf.ch](https://www.nkf.ch/news/deals-cases/sfs-group-joins-forces-with-hoffmann-se/), 2021-12-23: "SFS Group has announced the entry into an agreement to join forces with and acquire 100 per cent of Hoffmann SE."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.