GF Closes Divestment of GF Machining Solutions
The successful closing of the divestment of GF Machining Solutions to United Grinding Group, Bern (Switzerland), marks an important milestone in GF’s transformation journey to become the global leader in Flow Solutions. The transaction increases GF’s strategic flexibility to pursue further growth and value generating investments in Flow Solutions for Industry, Infrastructure and Buildings.
“This is a landmark moment in our transformation journey toward becoming a pure-play Flow Solutions company,” says Andreas Müller, GF CEO. “At the same time, I would like to sincerely thank all employees of GF Machining Solutions for their contributions over the years. We wish them all the best as they embark on this new chapter.”
Details of the transaction
The agreed purchase price on a cash and debt-free basis is CHF 630 million. Annual sales to be carved out from GF amounted to CHF 885 million in 2024. Approximately 3’300 employees and production sites in eight locations across Europe, Asia and the US will transfer to the buyer as part of the transaction.
The divestment of GF Machining Solutions will result in a significant one-time book gain in the first half of 2025. The related cash flow will be used to repay acquisition-related bank debt and thereby further strengthen the Group’s balance sheet.
To ensure a transparent and accurate presentation of the impact of the resulting deconsolidation of GF Machining Solutions, GF has postponed the publication of its Mid-Year 2025 Report from 18 July to Thursday, 24 July 2025.
Source: Georg Fischer AG
