Schaffhausen, Switzerland — Uponor has officially been acquired by Georg Fischer (GF). The announcement was made on Nov. 13 by both companies, with the transaction closing occurring on the same date.
Uponor will now become a new division within GF and will focus on building technology, whereas the infrastructure and utility businesses will move to GF Piping Systems. GF Uponor will be one of four divisions within the group, joining GF Piping Systems, GF Casting Solutions, and GF Machining Solutions.
“We will continue to implement our strategy, and leverage powerful global trends, such as the need for safe and clean water, or more efficient energy use,” said Andreas Müller, GF’s CEO. “On behalf of all my colleagues, I am happy to welcome Uponor employees and start this new chapter together.”
Organizational changes will be implemented during 2024. Uponor Corporation’s president and CEO, Michael Rauterkus, will become a member of GF’s executive committee as president of the GF Uponor division.
“I am proud to continue to steer GF Uponor together with my leadership team. The combination of our businesses will bring more exciting opportunities and will allow us to serve our existing and new customers even better,” said Rauterkus. “Together we are creating a global leader in sustainable water and flow solutions. We are looking forward to a bright and successful journey together.”
Founded in 1802, GF is headquartered in Switzerland and as of the end of 2022, it was present in 34 countries with 138 companies.