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GF Automotive, a division of GF, is to purchase 100% of Precicast Industrial Holding SA, the swiss-based precision casting specialist. This is in line with the division’s strategy to increase its industrial sectors presence, in particular in the promising aerospace field.
Precicast Industrial SA (Precicast) is one of the only independent precision casting companies in Europe, specializing on super alloy components for aero engines and industrial gas turbines. In addition, the company started to produce components out of additive manufacturing (3D printing) through Precicast Additive SA.
Yves Serra, CEO of GF, declares: “The acquisition of Precicast is fully in line with the division’s strategy to increase its presence in promising industrial sectors like aerospace. We warmly welcome Precicast in the GF family and look forward to supporting its growth. Both companies not only complement each other very well, but also share similar values and cultures.”
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