GF completes divestment of aerospace and industrial gas turbine operations

Following receipt of all required regulatory approvals and the fulfilment of all other closing conditions, Georg Fischer (GF), a Swiss industrial company listed on SIX Swiss Exchange (ticker: GF) completed the divestment of the Precicast Group, held by GF Casting Solutions Industrial SA, to US-based Consolidated Precision Products Corp. (CPP) on 30 September 2026. The transaction generated cash proceeds of CHF 215 million, which will be used in line with GF’s capital allocation framework to further reduce net debt.

The transaction covered all of GF’s aerospace and industrial gas turbine investment casting foundry operations, including the sites in Novazzano and Stabio (Switzerland) and Arad (Romania). These operations formed part of the former GF Casting Solutions division, the majority of which was already divested on 12 February 2026.

Niederer Kraft Frey acted as lead counsel to GF on the divestment and related carve-out.

GF is an international industrial and publicly listed corporation with its headquarters in Schaffhausen (Switzerland). With this transaction, GF has completed the divestment of all non-core operations on its path to becoming a global leader in Flow Solutions.

CPP is headquartered in Cleveland, Ohio, and operates over 20 locations across the United States, Mexico, Poland, Belgium and Slovakia, employing approximately 5,800 people.

The NKF team was led by Transactions partner Philip Spoerlé, working alongside partners Ulysses von Salis and Andrea Giger, associates Victoria Hotz and Peter-Conradin Schreiber, junior associate Alissa Schweda (all Transactions), partner Thomas Hochstrasser (Commercial), partner Nicolas Birkhäuser and junior associates Xaver Dill and Fabrizio Sorgesa Frener (all Antitrust), partner Janine Reudt-Demont and associate Luisa Egli (both IP/IT/Data Protection/Regulatory) as well as counsel Marc Vogelsang (Tax). NKF was supported by Freshfields, led by partners Steffen Kleefass and Frank Röhling and the Antitrust team comprising Mariusz Motyka-Mojkowski (counsel), Paulina Kränzlein and Nico Kiekebusch (both associates), Cerha Hempel in Austria and Romania, led by Albert Birkner with a team comprising partners Ionut Bohalteanu and Daniela Milculescu as well as Andreea Roman (counsel).