Niederer Kraft Frey AG | View firm profile
30 July 2025
Georg Fischer (GF), a Swiss industrial company listed at SIX Swiss Exchange (ticker: GF) announced today that it has signed an agreement to divest GF Casting Solutions’ automotive business to Nemak S.A.B. de C.V., a Mexico-based global leader in aluminum lightweighting solutions for the automotive industry. Closing is expected to take place in the second half of 2025, subject to regulatory approvals.
The transaction encompasses all of the automotive business of GF Casting Solutions, which in 2024 generated annual sales of approximately CHF 622 million. The divestment includes nine production sites across Europe, China, and the US, and involves a workforce of approximately 2,500 employees. The enterprise value amounts to USD 336 million, of which USD 160 million is to be paid at closing. The remaining consideration consists of the assumption of existing operating and financial liabilities, as well as further instalments to be paid within five years following the closing. The residual payments are not subject to any business performance-related conditions.
Niederer Kraft Frey acts as lead counsel to GF in connection with the divestment and the related carve-out transaction.
GF is an international industrial and publicly listed corporation with its headquarter in Schaffhausen (Switzerland). GF is active in the fields of piping systems, building flow solutions and casting solutions. With this transaction, GF’s strategic transformation into a pure-play Flow Solutions company is near completion.
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 is co-led by Transactions partners Philip Spoerlé and Andrea Giger and further comprises associates Carlotta Ulmer and Lorenzo Henseler 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 is 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.