Swiss-German United Grinding Group, one of the world’s leading machine tool manufacturers, has been sold by the Körber Group to “a strategically aligned pool of investors” organised by Switzerland’s BZ Bank AG.
The United Grinding Group (
www.grinding.com) has expanded in recent years and has strengthened its position in the machine tool market with investments in innovative solutions and modern production technologies.
The Group’s international locations and consistent focus on customer care have also contributed to its success.
BZ Bank CEO Martin Ebner said: “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.
“For our long-term aligned investors, the on-going positive development of the group is of crucial importance.”
Stephan Nell, CEO of the United Grinding Group, said: “Our aim is to remain one of the market leaders, based on our broad — and thus unique — product portfolio.
“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.”