The transaction between the SFS Group and Hoffmann SE that was announced in December was completed on May 11, 2022, and Hoffmann has now been officially incorporated into the SFS organization. This joining of forces marks a milestone and the companies’ complementary positioning opens up attractive development opportunities for both.
One of the key legal requirements that had to be met to complete the transaction was the approval of the competition authorities in five different countries – this has now been granted.
Hoffmann will operate as the independent division «D&L International» within the Distribution & Logistics segment. Hoffmann’s inclusion at various levels of the SFS organization will create continuity and Hoffmann’s CEO, Martin Reichenecker, will now join the Group Executive Board of SFS. In addition, Dr. Peter Bauschatz, Chairman of the Supervisory Board of Hoffmann SE, will now join the Board of Directors of SFS.
SFS expects sales growth to remain unchanged at 3-6% before the consolidation of Hoffmann.
An investor day is planned for June 14, 2022, in LogisticCity at Hoffmann in Nuremberg (Germany), with the management of Hoffmann being present. Those attending will gain insight into the business model, the products and applications, as well as further information about the transaction and the Group’s future development.
