The Bossard Group acquired Linquan Precision Co. Ltd., Suzhou, which generates annual sales of CHF 8 million (US$7.95 million) and has 28 employees. Terms were not disclosed.

Bossard is already present on the Chinese market at 12 sites with a total of 280 employees. The deal strengthens Bossard’s position in ultra-thin and ultra-light sheet metal fastenings.

Linquan Precision is a PennEngineering authorized distributor with experience in fastening technology for the electronics, tele- and data-communication, automotive, and medical equipment markets. Web: Linquan.co

Bossard said the acquisition “strengthens its longstanding business relationship with PennEngineering (PEM)… (which manufactures) self-clinching fasteners.”

Founded in 1831, Bossard manufactures fasteners, with 2,300 employees in 80 locations. Bossard reported CHF 786.2 million (US$819.2 million) sales in 2017. Web: Bossard.com