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2018/07/02

Körber Group completes sale of United Grinding Group

Körber Group sells its Business Area Machine Tools / Sale to investor pool opens up new development opportunities for United Grinding Group


The international technology group Körber sells its Business Area Machine Tools, operating under the United Grinding Group. The sale was completed with effect from the end of June 29, 2018, following approval by the responsible supervisory authorities. The new ownership structure consists of a strategically oriented pool of investors organized by the Swiss BZ Bank Aktiengesellschaft.

In order to strengthen the very positive development of the United Grinding Group in recent years, comprehensive strategic options for Körber's Business Area Machine Tools were examined. “In the course of this, we have decided that a 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,” says Stephan Seifert, Chairman of the Executive Board of Körber AG. “We are pleased that we have found solid and future-oriented new owners who will consistently continue the successful course taken so far,” emphasizes Seifert.

“United Grinding has developed a strong market position, which we want to continue to develop with our new owners in a sustained way,” says Stephan Nell, CEO of the United Grinding Group. “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 Nell.

“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,” says Martin Ebner, CEO of the BZ Bank Aktiengesellschaft.

Press Release July 2, 2018


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