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Linamar completes acquisition of Georg Fischer’s Leipzig facility
Yahoo Finance· 2026-01-01 13:10
Core Viewpoint - Linamar Corporation has successfully completed the acquisition of Georg Fischer's Leipzig facility for EUR 45 million, enhancing its capabilities in ductile iron castings and providing growth opportunities in various end markets [1] Group 1: Acquisition Details - The acquisition was initially announced on October 7, 2023, and has now been finalized [1] - The Leipzig facility is recognized as a technology leader in ductile iron castings, featuring Europe's largest molding box for machine-molded iron castings [1] Group 2: Strategic Benefits - The facility offers a comprehensive range of technologies, including prototyping, 3D-printing, series production in ductile iron casting, and component machining [1] - Leipzig supplies components to diverse and attractive end markets, including On Highway Truck, Construction, Forestry, and Agricultural Markets [1]
Linamar Corporation Completes Acquisition of Georg Fischer’s Leipzig Facility
Globenewswire· 2025-12-31 13:00
Core Viewpoint - Linamar Corporation has successfully completed the acquisition of Georg Fischer's Leipzig facility for €45 million, enhancing its technological capabilities and growth opportunities in the ductile iron casting market [1][2]. Group 1: Acquisition Details - The acquisition of the Leipzig facility was initially announced on October 7, 2025, and has now been finalized [1]. - The facility is recognized as a technology leader in ductile iron castings, featuring Europe's largest molding box for machine-molded iron castings, which will provide significant growth opportunities for Linamar [2]. Group 2: Technological and Market Advantages - The Leipzig facility consolidates a wide range of technologies, including prototyping, 3D printing, series production in ductile iron casting, and component machining [3]. - It supplies components to various attractive end markets, including On Highway Truck, Construction, Forestry, and Agricultural Markets, among others [3]. Group 3: Company Overview - Linamar Corporation is a diversified advanced manufacturing company that integrates leading-edge technology with deep manufacturing expertise, serving multiple industries such as mobility, agriculture, MedTech, water, power, defense, and robotics [4]. - The company operates over 86 manufacturing locations, 17 R&D centers, and 31 sales offices across 19 countries, employing more than 36,000 people and generating sales exceeding $10.5 billion in 2024 [4].
Linamar Corporation Completes Acquisition of Georg Fischer's Leipzig Facility
Globenewswire· 2025-12-31 13:00
Group 1 - Linamar Corporation has completed the acquisition of Georg Fischer's Leipzig facility for €45 million, initially announced on October 7th [1] - 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 significant growth opportunities for Linamar in complex cast components across various end markets [2] - The acquisition enhances Linamar's technological capabilities, consolidating prototyping, 3D-printing, series production in ductile iron casting, and component machining under one roof, serving diverse markets including On Highway Truck, Construction, Forestry, and Agriculture [3] Group 2 - Linamar Corporation is a diversified advanced manufacturing company that integrates leading-edge technology with manufacturing expertise, providing solutions for vehicles, motion, work, and lives [4] - The company operates in multiple industries, including On and Off Highway Mobility, Agricultural, and emerging sectors like MedTech, Water, Power, Defense, and Robotics, with a workforce of over 36,000 across 86 manufacturing locations and 17 R&D centers globally [4] - In 2024, Linamar generated sales exceeding $10.5 billion, showcasing its strong market presence and product offerings under various brands [4]
Linamar Completes Acquisition of Aludyne North America Assets
Globenewswire· 2025-11-15 13:00
Core Insights - Linamar Corporation has completed the acquisition of select Aludyne North America assets for $300 million USD, initially announced on October 9, 2025 [1][2] - The acquisition enhances Linamar's Structures and Chassis business by adding capabilities in aluminum casting, precision machining, and product design, aligning with its strategic focus on propulsion-agnostic structural components [2][3] - The integration of Aludyne's facilities into Linamar's Structures Group is expected to optimize business operations and support key customer needs [4][3] Company Overview - Linamar Corporation is a diversified advanced manufacturing company that combines leading-edge technology with deep manufacturing expertise, serving various industries including Mobility, Agricultural, MedTech, Water, Power, Defense, and Robotics [5] - The company operates over 75 manufacturing locations, 17 R&D centers, and 31 sales offices across 19 countries, employing more than 34,000 people and generating sales exceeding $10.5 billion in 2024 [5]
Strong Growth in Mobility, Outstanding Free Cash Flow, and NCIB Renewal Marks a Solid Q3 for Linamar
Globenewswire· 2025-11-12 21:00
Core Insights - The company reported a 6.8% increase in Normalized Earnings per Share despite a slight decline in sales [1] - Free Cash Flow for Q3 2025 reached $320.9 million, an increase of $51.3 million from the previous year, attributed to effective cash management [6] - The company has successfully diversified its strategy, leading to growth in the Mobility segment and increased market share in the Industrial segment [3][4] Financial Performance - Sales for Q3 2025 were $2,541.7 million, down from $2,635.7 million in Q3 2024, while net earnings rose to $169.2 million from $138.0 million [5] - Normalized Operating Earnings increased by 87.7% to $165.9 million, with margins expanding to 8.6% [6] - The company maintained a strong liquidity position of $2.2 billion, up 54.9% from Q3 2024 [6] Shareholder Returns - The company declared a quarterly dividend of CDN$0.29 per share, payable on or after December 2, 2025 [10] - The Toronto Stock Exchange approved the renewal of the Normal Course Issuer Bid, allowing the company to repurchase up to 3,850,534 shares over the next 12 months [9] Strategic Acquisitions - The company announced the acquisition of Georg Fischer's Leipzig casting facility and Aludyne's North American assets, enhancing its manufacturing capabilities [7] - These acquisitions are expected to contribute significantly to the company's growth strategy for 2026 [8] Segment Performance - The Mobility segment showed strong performance, with operating earnings of $161.1 million, while the Industrial segment faced challenges with earnings of $89.8 million [5] - The company increased its market share in aerial work platforms and newer agricultural products despite a decline in industrial markets [3]
Aludyne to Divest Certain North American Business Assets to Linamar Corporation
Businesswire· 2025-10-09 21:05
Core Viewpoint - Aludyne Inc. has announced a definitive agreement to sell certain assets of its North American business operations to Linamar Corporation for a transaction valued at USD 300 million [1] Group 1: Transaction Details - The transaction includes substantially all of Aludyne's North American-based operations [1]
Linamar Corporation to Acquire Aludyne’s North American Assets, Further Enhancing Structural Casting Capabilities
Globenewswire· 2025-10-09 21:00
Core Viewpoint - Linamar Corporation has announced a definitive agreement to acquire select assets of Aludyne Incorporated's North American operations for $300 million USD, enhancing its manufacturing capabilities in the automotive sector [1][2]. Group 1: Acquisition Details - The acquisition is valued at $300 million USD and will significantly expand Linamar's manufacturing footprint in North America, particularly in the United States [1]. - Aludyne specializes in lightweight aluminum chassis and structural technologies, which complements Linamar's existing Structures and Chassis business [2]. - The integration of Aludyne's facilities into Linamar's Structures Group is part of the company's broader Mobility Segment strategy [2]. Group 2: Strategic Benefits - The addition of U.S.-based manufacturing assets will strengthen Linamar's local support for customers, which is crucial in the current global trade environment [3]. - A diversified geographic footprint will enhance resilience and flexibility in response to geopolitical and regulatory changes while maintaining high quality and delivery standards [3]. - The acquisition will also create new collaborative business opportunities for Linamar's Canadian operations, reinforcing its commitment to domestic manufacturing [4]. Group 3: Operational Integration - Linamar has a history of successful integrations and plans to follow a proven model for this acquisition, ensuring continuity and growth [5]. - The highly qualified Aludyne teams are expected to be valuable additions to Linamar's global workforce [5]. - The transaction is anticipated to be accretive soon after the acquisition [5]. Group 4: Leadership Comments - Linda Hasenfratz, Executive Chair of Linamar, expressed enthusiasm about the acquisition, highlighting its potential to enhance leadership in lightweight aluminum casting and machining technologies [5]. - Jim Jarrell, CEO of Linamar, noted that the acquisition reinforces supply chain stability for OEM customers and reflects Linamar's strong financial position [5]. - Eric Showalter, CEO of Aludyne, emphasized the growth and innovation opportunities presented by joining Linamar [5]. Group 5: Transaction Timeline - The transaction is subject to customary regulatory approvals and is expected to close within 30 days [5]. - Linamar will fund the acquisition using available liquidity under its existing credit facilities and cash on hand [5].
Linamar Corporation to Acquire Aludyne's North American Assets, Further Enhancing Structural Casting Capabilities
Globenewswire· 2025-10-09 21:00
Core Viewpoint - Linamar Corporation has announced a definitive agreement to acquire select assets of Aludyne Incorporated's North American operations for $300 million USD, enhancing its manufacturing capabilities in the automotive sector [1][2]. Group 1: Acquisition Details - The acquisition is valued at $300 million USD and will significantly expand Linamar's manufacturing footprint in North America, particularly in the United States [1]. - Aludyne specializes in lightweight aluminum chassis and structural technologies, which complements Linamar's existing Structures and Chassis business [2]. - The integration of Aludyne's facilities into Linamar's Structures Group is part of the company's broader Mobility Segment strategy [2]. Group 2: Strategic Benefits - The addition of U.S.-based manufacturing assets will strengthen Linamar's local support for customers, which is crucial in the current global trade environment [3]. - A diversified geographic footprint will enhance resilience and flexibility in response to geopolitical and regulatory changes while maintaining high quality and delivery standards [3]. - The acquisition will also create new collaborative business opportunities for Linamar's Canadian operations, reinforcing its commitment to domestic manufacturing [4]. Group 3: Operational Integration - Linamar has a history of successful integrations and plans to follow a proven model for this acquisition, ensuring continuity and growth [5]. - The highly qualified Aludyne teams are expected to be valuable additions to Linamar's global workforce [5]. - The transaction is anticipated to be accretive soon after the acquisition is completed [5]. Group 4: Leadership Comments - Linda Hasenfratz, Executive Chair of Linamar, expressed enthusiasm about the acquisition, highlighting its potential to enhance Linamar's leadership in lightweight aluminum casting and machining technologies [5]. - Jim Jarrell, CEO and President of Linamar, noted that the acquisition reinforces supply chain stability for OEM customers and reflects Linamar's strong financial position [5]. - Eric Showalter, CEO of Aludyne, emphasized the growth and innovation opportunities presented by joining Linamar [5]. Group 5: Transaction Timeline - The transaction is subject to customary regulatory approvals and is expected to close within 30 days [5]. - Linamar will fund the acquisition using available liquidity under its existing credit facilities and cash on hand [5].
Linamar Corporation to Acquire George Fischer's Leipzig Facility
Financialpost· 2025-10-07 05:03
Article contentTo the extent any forward-looking statement in this press release constitutes “future-oriented financial information” or “financial outlooks” within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated results and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-ori ...
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].