SFS has announced it will be expanding its successful strategy of leveraging a global manufacturing platform to its medical devices business.
By making use of additional sites within SFS Group's global manufacturing platform, customers across North America, Europe and Asia will be served locally under the Tegra Medical brand.
Additionally, as part of this expansion, Walter Kobler, a long-standing member of the Group Executive Board of SFS Group and Head of the Industrial division, will take on the management responsibility for the Medical division effective January 1, 2021.
Initially operating out of North and Central America, Tegra Medical, a premiere contract manufacturer for medical device companies, has been a part of the SFS family as the Medical division since 2016.
Intensified collaboration and access to five existing SFS production sites in Switzerland, Malaysia and China will enable Tegra Medical to offer its services to medical device customers in Europe and Asia as a local supplier.
All of SFS Group's current medical device activities, which up to now were conducted in the Medical and Industrial divisions, will be organizationally situated within the Medical division under the Tegra Medical brand.
Jens Breu, CEO of SFS Group said: “It is in our DNA to maintain a partnership and trust-based relationship with our customers. We are therefore very pleased to announce the global expansion of our medical device activities, which will allow us to extend our local presence across the globe and deepen our relationships with customers in Europe and Asia. "
As part of this expansion, SFS is announcing a change in management responsibility for the Medical division. Walter Kobler, Head of the Industrial Division and a long-standing member of the Group Executive Board, will additionally assume responsibility for the Medical Division effective January 1 2021.
Kobler said: “This expansion enables us to take full advantage of Tegra Medical's growth momentum”
“We have set the stage for the next level of growth with the expansion of our production site in Hallau (Switzerland) and with the purchase of a property in Franklin (USA) - a strategically important location due to its proximity to Boston - and are now working towards the division's sustained positive development by expanding into Asia and Europe," he added.
Earlier this year, SFS acquired automotive and HVAC sector stalwart Truelove & Maclean in the USA. The previous year was significant year for the group, which owns Gesipa and a considerable stake in Heco.
Are you in the fastener, tool, fixing or related industries? You can subscribe to Torque Magazine or sign up to our weekly newsletter.
