GF Molding Solutions to Merge Into Normaco Group, Providing Customers With Stronger Innovative and Sustainable Casting Solutions

On July 30, 2025, Nemak, S.A.B. de C.V. (Mexican Stock Exchange: NEMAK) announced today that it has reached a definitive agreement to acquire the automotive business of GF Casting Solutions, a leading provider of lightweight cast components headquartered in Switzerland.

From left to right:Álvaro Fernández Garza,Normaco Chairman, An Mulele, GFGroup Chief Executive Officer

This strategic acquisition will be a key milestone for Nemak in accelerating its transition to the electrified powertrain components sector and expanding its global footprint. The transaction will further diversify Nemak's customer base, enhance its technical expertise, and strengthen its position in the transition towards sustainable mobility.

The automotive business of the GF casting solution will bring Nemak advanced expertise in the design and manufacturing of complex aluminum and magnesium alloy body structural parts, with aluminum and magnesium alloys being core materials for lightweight automotive design. This acquisition will also enhance Nemak’s key capacity and technology in the field of high-pressure die casting and expand its business coverage, particularly among high-end OEM customers in Europe and China.

From left to right: An Mulele, CEO of GF Group; Álvaro Fernández Garza, Chairman of Nemak; Carlos Vasto, President of GF Casting Solutions.

Armando Tamez, CEO of Normaco Group; Klaus Lellig, Vice President of Normaco Europe and Asia

Álvaro Fernández, Chairman of the Board of Novares Group, stated: “For more than forty years, Novares has been at the forefront of lightweighting solutions, supporting the world’s leading automotive manufacturers in their pursuit of innovation and sustainability. The integration of GF’s automotive business in molding solutions will mark a new chapter in our development—expanding our global reach and long-term vision.”

Armando Tamez, CEO of Normaco Group, added, “The automotive business of GF molding solutions will significantly enhance Normaco’s technological capabilities and enable us to offer more comprehensive solutions in the high-growth new energy vehicle parts sector—particularly in body structural components, chassis, and new energy vehicle applications. Its excellent performance and reliability reputation align closely with Normaco’s values and long-term vision, further strengthening our commitment to innovation and creating value for our customers.”

Transaction Details

GF Casting Solutions is a division of the Swiss industrial company Georg Fischer (GF). This transaction includes all automotive business of GF Casting Solutions, which is headquartered in Switzerland and had a revenue of approximately USD 707 million in 2024. The transaction covers the research and development center located in Switzerland, as well as nine plants distributed across Austria, China, Romania, Germany, and the United States, with a total of about 2,500 employees. GF's current iron foundry in Leipzig, Germany, as well as its aerospace and industrial gas turbine businesses in Novazzano and Stabio, Switzerland, and Arad, Romania, are not included in the scope of this transaction.

Its product portfolio includes highly complex aluminum and magnesium alloy components: approximately 80% are related to new energy vehicles as well as body structure and chassis fields, and about 20% are other components. Customers include European automakers such as Audi, BMW, Jaguar Land Rover, Mercedes-Benz, Porsche, Stellantis, Volkswagen, and Volvo; as well as Chinese automakers including BYD, Denza, Geely, Hongqi, Li Auto, NIO, XPeng, and Zeekr.

The acquisition is expected to be completed in the second half of 2025, subject to regulatory approvals and other legal and regulatory conditions.

Regarding GF and GF Molding Solutions

GF Casting Solutions is a leading supplier of innovative lightweight components. The company is part of the Swiss industrial leader Georg Fischer AG (GF), headquartered in Schaffhausen, Switzerland. Founded in 1802, it has a long history of industrial innovation and is currently undergoing a transformation to become a global leader in fluid solutions for the industrial, municipal, and building sectors. GF ensures the safe and sustainable transport of fluids worldwide by offering innovative products and solutions. GF employs approximately 15,700 people in 46 countries around the world, with sales reaching 4.776 billion Swiss francs in 2024. GF shares are listed on the Swiss stock exchange.

About Normaco

Nemak is a leading global supplier of lightweight solutions for the automotive industry, specializing in the research, development, and manufacturing of aluminum castings for electric vehicles, body structure and chassis, as well as internal combustion engine powertrain applications. In 2024, the company achieved sales of approximately $4.9 billion and employed around 23,000 people worldwide. Nemak’s shares are listed on the Mexican Stock Exchange and are included in the Dow Jones Sustainability Index.