The Bossard Group is to acquire the Boysen distribution business of the German AQUAERO Group (owner of SACS Boysen Aerospace Group), significantly expanding its presence in the aerospace industry.
The business has a large international customer base and generates annual sales of CHF 29 million. It will continue to operate under the Boysen name. Founded in 1967, the distribution company supplies high-quality fastening solutions. It is HQ’d in Munich, Germany and has further locations in Hamburg, Germany and Irving (Texas), USA. Boysen’s main sales market is Europe.
Bossard Group has been shoring up its aerospace presence and expertise in recent years. In 2015, it acquired US distributor Aero-Space Southwest. 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 said it 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.
This latest acquisition is seen as a key element in Bossard’s long-term strategy – and will increase the annual sales of the Group by approximately CHF 29 million.
Boysen employs 54 people. 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. Both parties have agreed not to disclose the purchase price and the acquisition is expected to close in July 2019.