NKF with GF on aerospace and industrial gas turbine operations divestment to CPP
Niederer Kraft Frey (NKF) advised Georg Fischer (GF), as the Swiss industrial company listed on SIX Swiss Exchange (ticker: GF) has entered into an agreement to divest its aerospace and industrial gas turbine investment casting foundry to US-based Consolidated Precision Products Corp. (CPP).
The buyer is a manufacturer of castings and components for the aerospace, defense and industrial gas turbine sectors.
The transaction is expected to generate cash proceeds of approx. CHF 220 million. Closing is expected to take place towards the end of the year, subject to customary closing conditions.
The divested business is operated through the Precicast-Group, held by GF Casting Solutions Industrial SA, with approximately 600 employees across sites in Novazzano, Stabio (Switzerland) and Arad (Romania) producing components for aerospace and industrial gas turbines. It formed part of the former GF Casting Solutions division, the majority of which was divested on 12 February 2026.
The NKF team
The NKF team was led by transactions partner Philip Spoerlé, working alongside partners Ulysses von Salis and Andrea Giger, associates Victoria Hotz and Peter-Conradin Schreiber (all transactions), partner Thomas Hochstrasser (commercial), partner Nicolas Birkhäuser and junior associates Xaver Dill and Fabrizio Sorgesa Frener (all antitrust), partner Janine Reudt-Demont and associate Luisa Egli (both IP/IT/data protection/regulatory) as well as counsel Marc Vogelsang (tax). NKF was supported by Cerha Hempel in Austria and Romania, led by Albert Birkner, and Nestor Nestor Diculescu Kingston Petersen in Romania.
