New owner for the United Grinding Group

The global leading machine tool manufacturer United Grinding Group has a new owner, a structure comprising a strategically aligned pool of investors organized by the Swiss BZ Bank Akiengesellshaft. The sale of the Group by the Körber group was completed with effect from June 29, 2018.

The United Grinding Group had a very 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. Together with the new owners the Group will then continue its international course of expansion and invest more intensively in technological and digital innovations in its products and services portfolio.

The company is also pleased that the new strategic owner can open up further development opportunities for the United Grinding Group, in order to continue to lead and actively shape the machine tool market in the future.

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