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Linamar Corporation to Acquire George Fischer’s Leipzig Facility
Globenewswire·2025-10-07 05:00

Group 1 - Linamar Corporation has entered into a definitive agreement to acquire 100% of the equity interest of George Fischer's Leipzig Casting Facility for €45 million, which will diversify its casting solutions to include large ductile iron castings for heavy industrial applications [1][4]. - The Leipzig facility is recognized as a technology leader in ductile iron castings, featuring Europe's largest molding box for machine-molded iron castings, which presents solid growth opportunities for Linamar in complex cast components across various end markets [2][3]. - The acquisition is expected to be immediately accretive, enhancing Linamar's capabilities in prototyping, 3D-printing, series production, and machining of components, thereby serving a wide range of markets including On Highway Truck, Construction, Forestry, and Agriculture [3][4]. Group 2 - Linamar's Executive Chair, Linda Hasenfratz, emphasized that the acquisition will provide excellent technology in large ductile iron castings, supporting the company's growth strategy in the on and off highway commercial vehicle sector [4]. - CEO Jim Jarrell highlighted that the facility's advanced technology and skilled team will contribute to revenue and income growth, further enhancing Linamar's operations in Europe [4]. - Linamar Corporation operates as a diversified advanced manufacturing company, generating over $10.5 billion in sales in 2024, with a workforce of over 34,000 employees across 75 manufacturing locations and 17 R&D centers globally [5].