Bossard Group has acquired Germany-based BRUMA Schraub- und Drehtechnik GmbH in Velbert for an undisclosed sum.

BRUMA distributes fastening solutions to the automotive and electrical industries. The company generates an annual turnover of EUR 11 million and employs 19 people.

“This investment will enable Bossard to consolidate its presence on the German market,” the group stated.

Switzerland-based Bossard Group posted record results for the 2018 financial year, with sales rising 10.8% to CHF 871.1 million (US$884.7 million). Web: Bossard.com