GF completes divestment of GF Casting Solutions and becomes a pure-play Flow Solutions company

Georg Fischer (GF), a Swiss industrial company listed at SIX Swiss Exchange (ticker: GF) announced today that following the satisfaction of all required regulatory approvals and other closing conditions, the divestment of GF Casting Solutions’ automotive business to Mexican-based Nemak S.A.B. de C.V was successfully completed. The divestment included all automotive activities of GF Casting Solutions, which generated approximately CHF 622 million in sales in 2024.

The transaction enterprise value amounts to USD 336 million, of which USD 216 million was paid at closing. The remaining amount consists of instalments totalling USD 188 million over a five-year period until early 2031 and the assumption of potential operating and financial liabilities by Nemak.

Niederer Kraft Frey acted as lead counsel to GF in connection with the divestment and the related carve-out transaction.

GF delivers Excellence in Flow through essential products and solutions that enable the safe and sustainable transport of fluids worldwide. GF is headquartered in Switzerland and present in 46 countries. GF generated sales of CHF 4,776 million in 2024.

Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for e-mobility, structure & chassis, and ICE powertrain applications. In 2024, the company generated sales of approximately USD 4.9 billion and employed around 23,000 people worldwide. Nemak shares are listed on the Mexican Stock Exchange and are part of the Dow Jones Sustainability Indices.

The NKF team was co-led by Transactions partners Philip Spoerlé and Andrea Giger and further comprised associates Carlotta Ulmer, Lorenzo Henseler, Peter-Conradin Schreiber and Norina Frey and partner Ulysses von Salis (all Transactions), partners Thomas Hochstrasser and Lukas Beeler and associate Lukas Mathis (all Commercial), partner Nicolas Birkhäuser (Antitrust), partner Fabiano Menghini (Real Estate), as well as partner Thomas Graf, counsel Marc Vogelsang and senior associate Sven Kälin (all Tax). NKF was supported by multi-jurisdictional teams of White & Case LLP in Germany, the US and China led by Stefan Bressler, Gernot Wagner and Rebecca Emory (all Frankfurt) and the teams of Cerha Hempel in Austria and Romania led by Dr. Albert Birkner.