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Today, the shares of SFS Group AG (“SFS”) were traded for the first time under the “Main Standard” of SIX Swiss Exchange, opening at CHF 67.00. This corresponds to a total market capitalization of around CHF 2.5 billion.
The issued share capital of SFS now comprises 37,500,00 registered shares with a nominal value of CHF 0.10 per share. SFS issued 5,057,500 new registered shares in the offering, thereby raising approx. CHF 324 million in gross proceeds (before exercise of the over-allotment option). In addition to the newly issued shares, 4,951,410 registered shares were sold by existing shareholders in the base offering. Furthermore, existing shareholders have granted the underwriters an over-allotment option of up to 992,420 additional registered shares, which can be exercised within 30 days after the first day of trading in shares of SFS.
The SFS Group is a global market leader for mechanical fastening systems and precision formed components. Based on a focused set of core technologies SFS serves diversified end markets, including the automotive, construction/construction supply, electrical/electronics, aerospace and medical components industry. In addition to the development and manufacture of products under the SFS intec, GESIPA and Unisteel brands, the SFS Group offers distribution and logistics solutions under the SFS unimarket brand. The focus on the needs of the customers has shaped the SFS culture since 1928. The tailored solutions contribute to customers’ competitiveness and generate added value. The SFS Group is headquartered in Heerbrugg (Switzerland). It is present with more than 70 sales offices and manufacturing sites in Europe, North America and Asia.
