In a significant move to enhance its market presence and offer more comprehensive solutions globally, the UNITED GRINDING Group has signed an agreement to acquire the GF Machining Solutions Division (GFMS) from Georg Fischer AG (GF), based in Schaffhausen, Switzerland. The acquisition, valued between CHF 630 and 650 million, is expected to close within the first half of 2025, pending regulatory approvals.
Through this strategic acquisition, UNITED GRINDING Group aims to bolster its capabilities in ultra-precision machining and strengthen its position as a leading provider in the sector. The merger of expertise from both entities is anticipated to bring substantial innovation and value to customers worldwide, reflecting UNITED GRINDING Group's commitment to addressing the evolving demands of the manufacturing industry.
This integration marks a pivotal step for both companies, combining resources and expertise that will enable UNITED GRINDING Group to deliver enhanced precision machining solutions and to expand its global footprint.
About Georg Fischer Ltd (GF)
With its four divisions GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions and GF Machining Solutions, GF offers products and solutions for the safe transportation of liquids and gases, lightweight cast components and high-precision manufacturing technologies. With a leading position in sustainability and innovation, GF strives for profitable growth and has been offering its customers high added value for over 200 years. Founded in 1802, the industrial company is headquartered in Switzerland and operates 187 companies in 45 countries, including 76 production companies with 105 locations. GF's 19,824 employees generated sales of CHF 4,026 million in 2023.
About GF Machining Solutions
GF Machining Solutions is one of the world's leading providers of complete solutions for manufacturers of precision parts and tools as well as mold and die makers. Its portfolio includes machines for milling, eroding, laser texturing, laser micromachining and additive manufacturing. In addition, GFMS offers spindles and solutions for automation and digitalization, backed by global customer service and support. The Group currently employs around 3500 people at over 40 global locations.
