Swiss fastener distributor The Bossard Group has invested a 40% stake in the startup company MultiMaterial-Welding AG, Stansstad, Switzerland.
The company said the move is part of its “long-term strategy is investing in innovative and forward-looking technologies. This latest investment brings the Bossard Group closer to its vision of being the world’s leading reference for fastening solutions.”
MultiMaterial-Welding AG focuses on multi-materials and welding.
“This new technology is of special interest to customers in the automotive, aerospace, and rail industries,” said Daniel Bossard, CEO of the Bossard Group. “In other words, all companies whose products swim, fly, or travel — and hence need lightweight components consisting of multiple materials — are potential customers.”
Added Gregor Eckhard, CEO of MM-Welding: “We have already worked together with Bossard, and we have successfully taken initial projects into serial production. This investment opens up even more potential. Bossard has worldwide market access and an advanced logistics service. That helps us get our technology platform to market and to customers quickly and efficiently.”