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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]