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Being an ironmonger can lead to anything, even working with the most high-tech firms in Silicon Valley. But there was nothing to suggest that this would happen for Bossard, founded in 1831. Today, the fastening parts supplier (screws, nuts, rivets, etc.) counts electric car manufacturer Tesla, as well as many Californian start-ups in the industry, as some of its clients. It also supplies parts to the aerospace industry.
“We believe that Bossard is a longterm winner,” said Marta Bruska of Baader Helvea. “The company is at the forefront of industry trends. Furthermore, its high-quality service stands out and its clients are loyal.”
The Swiss company is also a pioneer in “smart factories”, or Industry 4.0: Bossard rolled out “smart bins” to its clients that can automatically detect the amount of stock and place orders to replenish the supply before it runs out (screws, for example). The entire process is optimized: Bossard processes the order and immediately sends the product directly to the production site with no intervention from the client.
It’s worth noting that Tesla’s recent production concerns with its Model 3 don’t seem to bother analysts, who believe that the pace will progressively increase. In the electric car segment, Bossard can rely on its many partner start-ups that are growing in the United States, such as Proterra, Gogoro, Alta Motors and Lucid Motors, which produce coaches, scooters, motorcycles and luxury cars, respectively.