Hoffmann SE, a subsidiary of SFS GROUP AG (SFSLF.PK), Wednesday announced its plan to acquire three partner companies Godde GmbH, Oltrogge Werkzeuge GmbH and Hch. The financial details of the deal have not been disclosed.
The company expects the deal to strengthen its position in indirect requirements in industrial manufacturing. The combination of all the companies in terms of performance and costs is expected open up new opportunities for all parties.
Upon the completion of the transaction, which is scheduled to complete by the end of March 2026, the partner companies will be gradually integrated into Hoffmann SE over the next few years with focus on creating and increasing added value for customers.
SFS group's stock closed at $112.80 on the OTC Markets.
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