Expertise and skills preserved – Number of employees end of 2021 (FTE)The SFS Group had 10,509 employees (full-time equivalents) at the end of 2021 (PY 10,692). This development is an expression of the long-term “local for local” strategy with robust, efficient supply chains as well as the decision to nearly exclusively make temporary adjustments to production capacities during the now two-year pandemic.
Internationalization of D&L segment with HoffmannThe planned inclusion of Hoffmann lends the D&L segment an internationally strong position in the attractive area of quality tools. Hoffmann is a leading international systems partner for quality tools that is well-known on European markets and serves more than 100,000 customers with a product range comprising around 500,000 items. Customers appreciate not only the company’s comprehensive range of products but also its high level of product and logistics expertise, which will be strengthened even further through the commissioning of the new LogisticCity in Nuremberg (Germany), Europe’s most high-performance logistics center for quality tools. The transaction is subject to the usual closing conditions. It is expected to be concluded in the first half of 2022.