UNITED GRINDING Group to acquire GF Machining Solutions Division

By Staff Report November 4, 2024 10:56 am IST

UNITED GRINDING Group has agreed to acquire its GF Machining Solutions Division (GFMS) from Georg Fischer AG, Schaffhausen, Switzerland.

UNITED GRINDING Group announced the signing of an agreement with Georg Fischer AG (GF), Schaffhausen (Switzerland) to acquire its GF Machining Solutions Division (GFMS) with the aim of strengthening its position in the market and serving its global customers with even more comprehensive solutions. Together, UNITED GRINDING and GFMS will join forces to become a global leader in ultra-precision machining. The transaction is valued between CHF 630 and 650 million and is expected to close in Q1/Q2 2025, subject to regulatory approvals.

UNITED GRINDING Group is one of the world’s leading manufacturers of grinding, eroding, laser, and measuring machines, as well as machine tools for additive manufacturing. With roughly 2.000 employees at more than 20 manufacturing, service, and sales locations, the group is organized in a customer-oriented and efficient way.

With its four divisions GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions, and GF Machining Solutions GF offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF has been striving to achieve profitable growth while offering superior value to its customers for more than 200 years.

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.