Brief: Georg Fischer Sells GF Machining Solutions to United Grinding Group

Georg Fischer AG

30/10/2024 07:48

Oct 30 (Reuters) - Georg Fischer  GF.S :
    * SELLS GF MACHINING SOLUTIONS TO UNITED GRINDING GROUP
    * STRATEGIC OPTIONS FOR GF CASTING SOLUTIONS ARE BEING
EVALUATED
    * VALUE OF THE TRANSACTION IS IN THE RANGE OF CHF 630
MILLION TO
CHF 650 MILLION
    * CLOSING IS EXPECTED IN Q1/Q2 2025
    * GF EXPECTS A RESILIENT PERFORMANCE WITH FLAT ORGANIC SALES
AND A
COMPARABLE EBIT MARGIN AROUND 9%

    
 Further company coverage:  GF.S  

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