The acquisition value is USD 336 million, but the deal is yet to clear regulatory clearance. Nemak has already made an initial payment of USD 160 million, financed through long-term credit lines, while the balance will be covered over the next five years through assumed liabilities and deferred payments.
The acquisition of George Fischer is likely to bring Nemak an annual revenue of USD 707 million and USD 91 million in EBITDA, as per the 2024 projections.
Nemak’s global footprint expansion
The deal will transfer to Nemak a research and development centre in Schaffhausen, Switzerland, along with nine production plants in Austria, China, Romania, Germany, and the United States. Nearly 2,500 employees will become part of Nemak’s global workforce.
Alongside its expanded global footprint, Nemak will also gain access to the specialised product portfolio of GF Casting Solutions, which is focused on highly complex aluminium and magnesium parts. Roughly 80 per cent of GF’s products are dedicated to electromobility, chassis, and structural applications, and the remaining 20 per cent to other components.
