SFS completes transaction with Hoffmann
Ad hoc announcement pursuant to Art. 53 LR – May 12, 2022
The transaction between the SFS Group and Hoffmann SE that was announced on December 22, 2021 was completed on May 11, 2022, meaning that 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.
With all the formal conditions having been met, the transaction between SFS and Hoffmann was completed yesterday. One of the key legal requirements that had to be met in order to complete the transaction was the approval of the competition authorities in five different countries – this has now been granted.
Inclusion of Hoffmann at all levels
In organizational terms, 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 lay the foundation for the Group’s successful future development: Thus 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.