United Grinding Group has New Owners

The United Grinding Group has a new owner. The new owner structure 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 from June 29, 2018, following approval by the responsible supervisory authorities.

The United Grinding Group has a new owner. The new owner structure 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 from June 29, 2018, following approval by the responsible supervisory authorities.

The Group has experienced a positive development in recent years and has been able to further expand its strong position in the machine tool market. Investments in innovative solutions, modern production technologies, the Group's international locations and consistent focus on customer benefit, have all contributed to this positive development. The new owners want to systematically continue this success with United Grinding and the course previously pursued so successfully.

“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,” says Stephan Nell, CEO of the United Grinding Group. “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.”