Georg Fischer Divests Machining Solutions for Over CHF 600 Million
Deal News | Nov 04, 2024 | White & Case
Global law firm White & Case LLP has guided Swiss industrial firm Georg Fischer AG in its strategic divestment of the Machining Solutions Division, part of the firm's broader strategic pivot towards water and flow solutions. This transaction, valued between CHF 630 and CHF 650 million, has been agreed upon with United Grinding Group, another Swiss-based entity, anticipating completed proceedings in H1 2025. The move aligns with Georg Fischer’s aim to foster growth and flexibility for value-generating investments in priority sectors. United Grinding, backed by majority shareholder Patinex AG, aims to lead in the ultra-precision machining market through this acquisition. The transaction remains subject to typical regulatory and antitrust approvals.
Sectors
- Industrial Manufacturing
- Legal Advisory
- Machine Tools
Geography
- Switzerland – Both Georg Fischer AG and United Grinding Group are based in Switzerland, and the deal takes place there.
- Germany – The White & Case team advising involves partners and associates from various German cities such as Frankfurt, Dusseldorf, Berlin, and Hamburg.
Industry
- Industrial Manufacturing – The article is centered around Georg Fischer AG, a major player in the field of industrial manufacturing including machining solutions.
- Legal Advisory – White & Case LLP, a global law firm, provided legal advice on the transaction.
- Machine Tools – The Machining Solutions Division being sold is involved in the machine tools sector.
Financials
- CHF 630 to CHF 650 million – The estimated value range for the sale of Georg Fischer's Machining Solutions Division.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Georg Fischer AG | Target company | Company | A Swiss industrial company specializing in piping systems and machining solutions, among others. |
| United Grinding Group | Bidding Company | Company | A leading global manufacturer of grinding technology acquiring Georg Fischer's Machining Solutions Division. |
| White & Case LLP | Legal advisor | Company | A global law firm advising Georg Fischer on the divestment. |
| Patinex AG | Shareholder | Company | A Swiss holding company owning the majority share in United Grinding Group. |
| Gernot Wagner | Lead Partner | Person | Lead partner from White & Case on the transaction. |
| Rebecca Emory | Partner | Person | A partner from White & Case assisting on the transaction. |
| Stefan Bressler | Partner | Person | A partner from White & Case assisting on the transaction. |
| Thilo Wienke | Partner | Person | A partner from White & Case involved in the transaction, based in Dusseldorf. |
| Fabian Mayer | Associate | Person | An associate at White & Case assisting on the transaction, based in Berlin. |
| Moritz Schneider | Associate | Person | An associate at White & Case assisting on the transaction, based in Hamburg. |
| Maximilian Eichhorn | Associate | Person | An associate at White & Case assisting on the transaction, based in Hamburg. |