Uponor acquired by Swiss-based GF
November 14, 2023 | By HPAC Magazine
Georg Fischer Ltd. has created a new division, GF Uponor, which will be led by former Uponor president/CEO Michael Rauterkus and his leadership team.
Swiss-based Georg Fischer Ltd. (GF) has acquired Uponor Corp. of Finland and has created a new division, GF Uponor, which will focus on building technology and be led by former Uponor president/CEO Michael Rauterkus and his leadership team.
The GF Uponor portfolio will focus on safe and clean water piping solutions, as well as energy efficient heating and cooling.
The infrastructure and utility focused business units of Uponor will be integrated into GF Piping Systems, a division that will focus on industrial and utility markets, providing piping solutions for water treatment, energy, chemical processing, marine, data centres as well as water and gas utilities.
In all, GF now has four divisions: GF Piping Systems, GF Uponor, GF Casting Solutions, and GF Machining Solutions.
GF first made an offer to acquire Uponor in June following a rejected take-over attempt by Belgian-based Aliaxis.
GF closed its deal on November 13th.