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Serafin completes the acquisition of Jäger Group

Munich-based Serafin Group has successfully completed the acquisition of Schrauben-Jäger AG including Werkzeug-Jäger GmbH following anti-trust clearance. The acquisition is effective as of February 28th, 2023. Jäger Group, a distributor in the fasteners segment, generated a turnover of around Euros 60 million in 2022. In addition to the central site with on-site logistics in Karlsruhe, there are branches in Illingen, Willstätt, Maulburg, Viernheim and Landsberg. Serafin will continue operations at all sites with around 280 employees. It was agreed not to disclose the financial details of the transaction.

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