White & Case advises Georg Fischer on sale of Machining Solutions Division for over CHF 600 million

Global law firm White & Case LLP has advised Georg Fischer AG (GF), a Swiss industrial company listed on SIX Swiss Exchange, on the divestment of its Machining Solutions Division to United Grinding Group, a Swiss-based manufacturer of grinding technology.

The transaction is valued in the range of CHF 630 to CHF 650 million and is expected to close in the first half of 2025, subject to regulatory approvals including antitrust clearances.

GF is an international industrial and publicly listed corporation in the field of piping systems, building flow solutions, casting solutions and machining solutions, headquartered in Schaffhausen, Switzerland. The divestment of the machine-tool business is part of GF's new strategic focus on water and flow solutions and will increase its flexibility to pursue further growth as well as value-generating investments in these fields.

United Grinding Group, established approximately 100 years ago, is a global manufacturer of grinding technology with more than 2,000 employees worldwide. The majority shareholder of United Grinding is Patinex AG, a Swiss holding company wholly owned by Martin and Rosmarie Ebner. Together, GF Machining Solutions and United Grinding will combine forces to form the leader in ultra-precision machining.

The White & Case team which advised on the transaction was led by partners Gernot Wagner, Rebecca Emory and Stefan Bressler (all Frankfurt) and included partner Alan Bao (Beijing), Thilo Wienke (Düsseldorf) and associates Fabian Mayer (Berlin), Qianru Hong (Shanghai), Moritz Schneider and Maximilian Eichhorn (both Hamburg), and Zixie Zhu (Beijing). 

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