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Whitecase
Full Credential Description
Georg Fischer AG (GF), a Swiss industrial company, faced the challenge of realigning its strategic focus to enhance growth and create value. This led to the decision to divest its automotive unit, GF Casting Solutions, which had an annual turnover of approximately CHF 622 million in 2024 and included nine production sites across Europe, China, and the US, employing around 2,500 people. The sale was aimed at increasing flexibility for further investments in essential products and solutions for the safe and sustainable transport of fluids. White Case LLP provided tailored legal advice to GF during the US$336 million sale of its automotive division to Nemak S.A.B. de C.V., a global supplier specializing in lightweight aluminum solutions for the automotive industry. The transaction, which is subject to regulatory approvals and expected to close in the second half of 2025, was strategically significant for GF as it allowed the company to concentrate on its core business areas while facilitating future growth opportunities. The legal team from White Case, led by partners Stefan Bressler and Gernot Wagner, played a crucial role in navigating the complexities of the transaction, ensuring a smooth process for GF in this significant divestment.