United Grinding has New Owners
Investors at Swiss BZ Bank Aktiengesellschaft purchase the company from Körber AG.
Posted: August 20, 2018
One of the world’s leading machine tool manufacturers, the United Grinding Group (Bern, Switzerland) has a new owner structure that comprises a strategically aligned pool of investors organized by the Swiss BZ Bank Aktiengesellschaft. The sale of the Group by the Körber technology group was completed with effect at the end of June 29, 2018, following approval by the responsible supervisory authorities. United Grinding Group has experienced a very positive development in recent years and has been able to further expand their strong position in the machine tool market. Investments in innovative systems, modern production technologies, their international locations and consistent focus on customer benefit have all contributed to this positive development. The new owners want to systematically continue this success and the course previously pursued so successfully.
“We are delighted to be able to offer our 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, the chief executive officer4 of the BZ Bank Aktiengesellschaft. “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 unique product portfolio,” added Stephan Nell, the chief executive officer of the United Grinding Group. “We also want to actively shape further developments in our customer industries. 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.”
“We are pleased that the new strategic owner can open up further development opportunities for the Group in order for them to continue to lead and actively shape their market in the future,” noted Stephan Seifert, the chairman of the executive board of Körber AG.
Subscribe to learn the latest in manufacturing.
