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Georg Fischer AG (FIN.S)

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Georg Fischer ‍to acquire software company Symmedia GmbH
Wednesday, 27 Sep 2017 01:03am EDT 

Sept 27 (Reuters) - GEORG FISCHER AG ::‍TO ACQUIRE LEADING SOFTWARE SPECIALIST TO ACCELERATE DIGITAL TRANSFORMATION​.‍AGREED TO PURCHASE 100 PERCENT OF SHARES OF SYMMEDIA GMBH, BIELEFELD (GERMANY)​.‍SYMMEDIA WILL CONTINUE TO OPERATE UNDER ITS CURRENT MANAGEMENT FROM ITS BIELEFELD BASE​.‍BOTH PARTIES HAVE AGREED NOT TO DISCLOSE ANY FINANCIAL DETAILS​.  Full Article

Georg Fischer to acquire high pressure die casting specialist in Romania
Friday, 25 Aug 2017 01:03am EDT 

Aug 25 (Reuters) - GEORG FISCHER AG ::TO ACQUIRE HIGH PRESSURE DIE CASTING SPECIALIST IN ROMANIA.CLOSING OF ACQUISITION OF EUCASTING RO SRL IS ANTICIPATED FOR NOVEMBER 2017.  Full Article

Georg Fischer H1 net profit up 12 pct at CHF 122 million
Wednesday, 19 Jul 2017 01:04am EDT 

July 19 (Reuters) - GEORG FISCHER AG :H1 SALES INCREASED BY 7% TO CHF 1,992 MILLION, 8% ORGANICALLY‍​.H1 OPERATING RESULT UP 10% TO CHF 168 MILLION FOR AN 8.4% EBIT MARGIN.H1 NET PROFIT UP 12% TO CHF 122 MILLION.EXPECT FOR THE FULL YEAR A SALES GROWTH OVER TARGET AS WELL AS A CLEAR INCREASE IN PROFITS.  Full Article

Georg Fischer ‍to acquire 49 pct stake of Urecon Ltd
Tuesday, 18 Jul 2017 01:07am EDT 

July 18 (Reuters) - GEORG FISCHER AG ::‍TO ACQUIRE A PRE-INSULATED PIPE MANUFACTURER IN NORTH AMERICA​.‍IS TO ACQUIRE A STAKE OF 49% OF URECON LTD., COTEAU-DU-LAC (QUEBEC, CANADA)​.‍CLOSING OF DEAL IS ANTICIPATED FOR END OF JULY 2017​.PARTIES AGREED THAT GF TO TAKE COMMERCIAL AND OPERATIONAL LEAD AND TO ACQUIRE REMAINING SHARES NOT BEFORE 24 MONTHS AFTER TRANSACTION CLOSED.  Full Article

Georg Fischer AGM: shareholders approved all proposals of board of directors with one exception
Wednesday, 19 Apr 2017 12:28pm EDT 

April 19 (Reuters) - Georg Fischer AG ::The shareholders approved all proposals of the board of directors with one exception: 2016 compensation report did not find a majority of the consultative vote.  Full Article

Georg Fischer awarded major order in promising cruise ship sector
Thursday, 30 Mar 2017 01:00am EDT 

Georg Fischer AG : Awarded major order in promising cruise ship sector . Five-Year contract received from leading shipyard amounts to more than 40 million euros ($43.01 million) .In the next five years, GF Piping Systems will deliver corrosion-free, lightweight plastic piping systems to equip ten new cruise liners from STX France.  Full Article

Georg Fischer FY net profit up 14 pct at CHF 225 million
Tuesday, 28 Feb 2017 01:17am EST 

Georg Fischer AG : FY sales increased 3 pct to 3,744 million Swiss francs ($3.72 billion) . Dividend increase proposed to 20 francs per share, up from 18 francs . FY operating result up 5 pct to 311 million francs . FY net profit amounted to 225 million francs, 14 pct above previous year, resulting in earnings per share of 53 francs against 46 francs in 2015 .We therefore expect for 2017 to increase results anew, in line with our 2016–2020 objectives.  Full Article

Georg Fischer to acquire two companies in China
Thursday, 18 Aug 2016 01:00am EDT 

Georg Fischer AG : GF to acquire two companies in China . Chinaust Group, a 50/50 joint venture between GF Piping Systems and Lingyun Industrial Co., announces today acquisition of two chinese companies: Shuchang Auto Part Co. Ltd and Lingyun Jingran Gas Valve Co. Ltd. .Parties have agreed not to disclose financial details of transaction.  Full Article

Georg Fischer H1 net profit up at CHF 109 mln
Wednesday, 20 Jul 2016 01:00am EDT 

Georg Fischer AG : H1 sales reached 1,863 million Swiss francs ($1.89 billion), 3 pct above first six months of 2015 . H1 net profit reached 109 million Swiss francs, a substantial 36 pct increase compared to previous year. . H1 operating result up 20 pct to 153 million Swiss francs for an 8.2 pct EBIT margin . Markets remain however volatile and quite uneven according to respective country and sector of activity . Brexit vote in UK certainly adds another layer of uncertainty .Nevertheless, expects in second half year a result similar to first half and therefore full-year 2016 figures in line with our strategy 2020.  Full Article

Georg Fischer wins major global order for lightweight car components
Wednesday, 6 Jul 2016 01:08am EDT 

Georg Fischer AG : GF automotive, a division of GF, has received a major global order for passenger cars' structural parts from a well-known european car manufacturer . Contract amounts to 84 million euros ($92.84 million) .Components will be simultaneously produced in Europe, China and us as of 2018.  Full Article

BRIEF-Georg Fischer ‍to acquire software company Symmedia GmbH

* ‍TO ACQUIRE LEADING SOFTWARE SPECIALIST TO ACCELERATE DIGITAL TRANSFORMATION​