Bern (Switzerland), July 3, 2018
The United Grinding Group, one of the world's leading machine tool manufacturers, has a new owner. The new ownership structure consists of a strategically oriented pool of investors organised by the Swiss BZ Bank Aktiengesellschaft. The sale was completed with effect from the end of June 29, 2018, following approval by the responsible supervisory authorities.
The United Grinding Group has experienced a very positive development in recent years and has been able to further expand its strong position in the machine tool market. Investments in innovative solutions, modern production technologies, the Group's international locations and consistent focus on customer benefit, have all contributed to this positive development. The new owners want to systematically continue this success with United Grinding and the course previously pursued so successfully.
Martin Ebner, CEO of the BZ Bank Aktiengesellschaft, commented, “BZ Bank is delighted to be able to offer its customers the opportunity to invest in a high-yielding international industry group, which is one of the leading providers in the relevant markets. For our long-term oriented investors, the ongoing positive development of the Group is of crucial importance. Further strengthening the Group's solid foundation is therefore of great interest.”
“Our aim is to remain one of the market leaders, based on our broad and thus unique product portfolio. We also want to shape further developments in our customer industries actively. Together with our new owners, we will continue our international course of expansion and invest even more intensively in technological and digital innovations in our products and services portfolio,” says Stephan Nell, CEO of the United Grinding Group.
Stephan Seifert, Chairman of the Executive Board of Körber AG, added, "We are pleased that the new strategic owner can open up further development opportunities for the United Grinding Group in order for them to continue to lead and actively shape their market in the future.”
The machine tool manufacturer United Grinding Group is one of the world's leading suppliers of precision machines for grinding, eroding, laser machining, combination machining and measuring processes. With its eight corporate brands Blohm, Jung, Mägerle, Studer, Schaudt, Mikrosa, Walter and Ewag, United Grinding offers a wide range of applications, a large product portfolio and services on the international market. The group employs around 2,400 employees and has more than 20 production, service and sales locations worldwide as well as agencies through third parties.