Bossard Holding AG, which is headquartered in the canton of Zug, has acquired a minority shareholding in a Swiss start-up. Bossard now owns 40 percent of MultiMaterial-Welding AG (MM-Welding), which is based in Stansstad in the canton of Nidwalden. The start-up manufactures fastening solutions that use ultrasonic energy to create form-fitting connections in fiber composites, foamed materials and honeycomb structures. According to a press release issued by Bossard, such solutions are in demand anywhere that weight needs to be saved.
“This new technology is of special interest to customers in the automotive, aerospace, and rail industries”, explains Daniel Bossard, CEO of the Bossard Group, before adding: “In other words, all companies whose products swim, fly, or travel – and hence need lightweight components consisting of multiple materials – are potential customers”.
Both companies have previously worked together and successfully taken initial projects into serial production, the press release states. With this most recent investment, the Bossard Group has now taken an important step forward to move “closer to its vision of being the world’s leading reference for fastening solutions”.
Gregor Eckhard, CEO of MM-Welding, underlines in the press release how additional potential will be unlocked for the start-up following the investment of Bossard, explaining that: “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”.
