GF Machining Solutions, a division of GF, is set to acquire Liechti Engineering AG of Switzerland. This company is a leading specialist of 5-axis milling machines designed to produce blades and blisks for aircraft engines and power generating turbines.
“Liechti Engineering AG brings a wealth of know-how and a well-established reputation for high performance and superior service for its customers”, comments Yves Serra, CEO of GF. “Together, the two companies offer a wide array of technologies for the production of aircraft engine parts as well as a worldwide sales and service organization to support its customers.”
This acquisition comes with the latest promising reports of the global aerospace industry forecast. With more than 10,000 planes in the order books, aircraft production is planned to stay strong for the foreseeable future, making the demand for engines parts strong. GF Machining Solutions will be able to significantly strengthen its presence in this promising market sector with the acquisition of Liechti Engineering AG.
GF Machining Solutions, for the past 10 years, has successfully acted as a supplier for Liechti, making this deal a no brainer. Their competences and product ranges are also highly complementary. The current management under Ralph Liechti will remain in place and the company continues to operate out of its present premises in Langnau/BE.
Liechti Engineering AG is the leading specialist of 5-axis milling machines.
The two parties agreed not to disclose the purchase price and further details of the transaction.
“All of us are proud to become a part of GF Machining Solutions, and I am sureto have found the right partner to continue with our business”, says Ralph Liechti. “We are excited about the idea of combining our know-how with GF Machining Solutions to serve our customers in the aerospace and energy sectors with an even wider range of products and services.”
Liechti Engineering AG is a family-owned company with a yearly turnover exceeding CHF 50 million. It employs 120 people worldwide. Its customer base includes all significant names of the aircraft and power generating industries.
For more information, visit www.georgfischer.com
