UNITED GRINDING Group has signed an agreement with Georg Fischer AG (GF) to acquire its GF Machining Solutions Division (GFMS) with the aim of strengthening its position in the market and serving its global customers with even more comprehensive solutions.
Together, UNITED GRINDING and GFMS will join forces to become a global leader in ultra-precision machining. The transaction is valued between CHF 630 and 650 million ($719 and $742 million) and is expected to close in Q1/Q2 2025, subject to regulatory approvals.
Related Glossary Terms
- grinding
grinding
Machining operation in which material is removed from the workpiece by a powered abrasive wheel, stone, belt, paste, sheet, compound, slurry, etc. Takes various forms: surface grinding (creates flat and/or squared surfaces); cylindrical grinding (for external cylindrical and tapered shapes, fillets, undercuts, etc.); centerless grinding; chamfering; thread and form grinding; tool and cutter grinding; offhand grinding; lapping and polishing (grinding with extremely fine grits to create ultrasmooth surfaces); honing; and disc grinding.
