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Swiss BZ Bank buys United Grinding Group

By Niranjan Mudholkar,

Added 02 July 2018

The sale of the Group by the Körber technology group was completed with effect from the end of June 29, 2018

"BZ Bank is delighted to be able to offer its customers the opportunity to invest in a high-yielding international industry group, which is one of the leading providers in the relevant markets," says Martin Ebner, CEO of the BZ Bank Aktiengesellschaft. "For our long-term oriented investors, the ongoing positive development of the Group is of crucial importance. Further strengthening the Group's solid foundation is therefore of great interest," emphasizes Ebner.

"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. 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," says Stephan Nell, CEO of the United Grinding Group.

"We are pleased that the new strategic owner can open up further development opportunities for the United Grinding Group in order for them to continue to lead and actively shape their market in the future," says Stephan Seifert, Chairman of the Executive Board of Körber AG.

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