“With this agreement, GF enters the final stage of its transformation into a pure-play Flow Solutions company,” comments GF CEO Andreas Müller.
“We are pleased to have signed this agreement with Nemak, a reputable partner who will provide GF Casting Solutions and its employees with a strong base for the future.”
“By combining GF Casting Solutions and Nemak, we are taking a significant step forward as a global provider of lightweighting solutions, enhancing our technological capabilities, expanding our customer base and product portfolio, and strengthening our global footprint”, said Armando Tamez, CEO of Nemak.
“We are proud to welcome a highly skilled team that shares our deep commitment to delivering lasting value to our customers.”
Details of the transaction
The transaction covers the entire automotive business of GF Casting Solutions, which generated sales of around 622 million Swiss francs in 2024. The divestment includes nine production sites in Europe, China and the United States and affects approximately 2,500 employees.
The foundry in Leipzig and the aerospace and industrial gas turbine activities in Novazzano and Stabio (Switzerland) and Arad (Romania) are not part of the transaction. The divestment process for these discontinued operations has been initiated, according to GF's company announcement.
About Nemak
Nemak S.A.B. de C.V. is a leading provider of innovative lightweight solutions for the global automotive industry. Headquartered in Mexico, the company specialises in the development and manufacture of aluminium components for e-mobility, structure & chassis, and ICE powertrain applications. In 2024, Nemak generated sales of around 4.9 billion US dollars and employed approximately 23,000 people worldwide.
