Heerbrugg, Switzerland/Aarhus, Denmark, July 1, 2021 – SFS, a worldwide leading supplier of mechanical fastening systems, assemblies, precision molded parts and logistics solutions, enters into partnership with master data management company Stibo Systems. The goal is to establish a new scalable product information management platform and infrastructure for products, assets and e-commerce, and to add more suppliers and channels to increase revenue and market share for the Distribution and Logistics segment of SFS.
“We need a single, central source of up-to-date, accurate and complete product master data that can grow in-line with our expansion strategy, allowing us to quickly add new products and suppliers”, says Harald Senn, eBusiness Manager of SFS. “For getting this done, we were looking for a platform that could manage all our current and future product data including images, documents, and translated versions of those. At the same time, the platform needed to be able to allow automated and speedy onboarding of supplier data via Web UI.”
“Forward-thinking companies like SFS have realized the importance of accurate master data and efficient onboarding of product data from suppliers. It often starts with the product domain. As in the case of SFS, this is quickly expanding to supplier data resulting in a multidomain master data management solution which enables complete data transparency. We are very happy to support SFS on this journey”, says Christian Oertzen, President EMEA & APAC of Stibo Systems.
About the SFS Group
SFS is a leading global provider of mechanical fastening systems and precision components. SFS Group AG operates in the three segments Engineered Components, Fastening Systems and Distribution & Logistics, which reflect the respective business models. In the Engineered Components segment, SFS partners with customers to develop and manufacture customized precision components, fastening solutions and assemblies. The Engineered Components segment has four divisions: Automotive, Electronics, Industrial and Medical. In the Fastening Systems segment, which consists of the Construction and Riveting divisions, SFS develops, manufactures and markets optimized mechanical fastening systems In the Distribution & Logistics segment, SFS is a leading provider of fasteners, tools and architectural hardware, and innovative logistics solutions in Switzerland. The SFS Group is a global player with manufacturing sites and distribution companies at more than 100 locations in 26 countries worldwide. Sales in fiscal year 2020 amounted to CHF 1,705 million and the workforce numbered about 10,000 (FTE).
For further information visit www.sfs.com.
About Stibo Systems
Stibo Systems, the master data management company, is the trusted enabler of data transparency. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data. We empower them to improve the customer experience, drive innovation and growth and create an essential foundation for digital transformation. This gives them the transparency they require and desire – a single, accurate view of their master data – so they can make informed decisions and achieve goals of scale, scope and ambition. Stibo Systems is a privately held subsidiary of the Stibo A/S group, founded in 1794, and is headquartered in Aarhus, Denmark. More at stibosystems.com.
SFS Group AG
Direct: +41 71 727 51 85
Security No. 23.922.930
ISIN CH 023 922 930 2
SIX Swiss Exchange AG SFSN