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Linamar Closes Acquisition of German Iron Casting Plant
Linamar acquired a Leipzig iron casting plant with advanced technologies to boost its European commercial vehicle business, expanding its manufacturing capabilities, the company said.
- Guelph-based Linamar closed the roughly $72-million acquisition of an iron casting plant in Leipzig, initially announced on Oct. 7 as a 45-million-euro deal from Georg Fischer Ltd.
- The Leipzig purchase aims to expand Linamar Corporation's on- and off-highway commercial vehicle business and reinforce its regional presence near existing Linamar European facilities.
- The Leipzig plant includes onsite 3D-printing and prototyping as well as Europe’s largest moulding box for machine-moulded iron castings, aligning with Linamar Corporation’s casting, forging, metal forming, machining and assembly capabilities.
- The acquisition broadens Linamar's manufacturing footprint in Europe by adding the Leipzig plant and complements its November acquisition, which Linamar said would help serve customers.
- As a global manufacturer, Linamar has more than 36,000 employees in 86 manufacturing locations and generated sales of more than $10.5 billion in 2024, marketing brands such as Skyjack and MacDon while expanding in MedTech and Robotics.
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Winnipeg Free Press+4 Reposted by 4 other sources
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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The industrial group Georg Fischer (GF) has completed the previously announced sale of its cast iron plant in Leipzig. As previously announced, the plant is going to the Canadian Linamar Corp. for 45 million euros.
Coverage Details
Total News Sources15
Leaning Left7Leaning Right2Center2Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 18%
R 18%
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