Nemak, S.A.B. de C.V. (“Nemak”, or the “Company”) (BMV: NEMAK) announced today that it has entered into a definitive agreement to acquire the automotive business of GF Casting Solutions, a Swiss-based leader in lightweight casted components.
This strategic acquisition will represent a key milestone in Nemak’s efforts to accelerate its transformation beyond ICE powertrain components and broaden its global footprint. The transaction will allow Nemak to further diversify its customer base, enhance its technological capabilities, and strengthen its position in the transition towards sustainable mobility.
GF Casting Solutions automotive business will bring advanced expertise in the design and manufacturing of high-complexity structural components made from aluminum and magnesium–materials central to lightweight vehicle design. It will also add significant capacity and technology in high-pressure die casting (HPDC), as well as expanded commercial reach, particularly across premium European and Chinese OEMs.
“For over four decades, Nemak has been at the forefront of lightweighting solutions, supporting the world’s leading automakers in their pursuit of innovation and sustainability. The integration of GF Casting Solutions automotive business will mark a new chapter in our journey—one that expands our global reach and long-term perspective”, said Álvaro Fernández, Chairman of Nemak’s Board of Directors.
“GF Casting Solutions automotive business will significantly enhance Nemak’s technological capabilities and enable the offering of more comprehensive solutions in high-growth, non-ICE components—particularly in structural, chassis, and EV applications. Its strong reputation for excellence and reliability aligns with Nemak’s values and long-term vision, reinforcing our commitment to innovation and delivering value to our customers,” added Armando Tamez, CEO of Nemak.