Linamar to acquire Georg Fischer's Leipzig casting facility for €45M

Published 1 month ago Positive
Linamar to acquire Georg Fischer's Leipzig casting facility for €45M
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Parradee Kietsirikul

Linamar Corporation (OTCPK:LIMAF [https://seekingalpha.com/symbol/LIMAF]) has entered into a definitive agreement to acquire 100% of the equity interest [https://seekingalpha.com/pr/20256357-linamar-corporation-to-acquire-george-fischer-s-leipzig-facility] in Georg Fischer’s Leipzig Casting Facility for €45 million.

The move is expected to significantly diversify Linamar’s capabilities.

The acquisition will allow Linamar to include large ductile iron castings in its offerings, specifically targeting Heavy Industrial On- and Off-Highway applications.

The Leipzig facility offers significant technology under one roof, ranging from early-stage prototyping and 3D-printing to the series production and machining of ductile iron components.

The facility's customer base is diverse, supplying components to attractive end markets like On-Highway Truck, Construction, Forestry, and Agriculture.

Furthermore, the acquisition is expected to be immediately accretive to Linamar's earnings.

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