07:26 AM EDT, 10/07/2025 (MT Newswires) -- Linamar Corporation ( LIMAF ) earlier Tuesday said it entered into a definitive agreement to acquire 100% of the equity interest of George Fischer's Leipzig Casting Facility.

In a statement, it said the transaction, valued at 45 million euros (US$52.7 million), diversifies Linamar's ( LIMAF ) casting solutions to include large ductile iron castings for Heavy Industrial On and Off-Highway applications.

The acquisition is immediately accretive.

The company said that the addition of the facility offers a significant amount of technology under one roof, from prototyping and 3D-printing to series production in ductile iron casting, and machining of components.

National Bank Capital Markets acted as a financial advisor to Linamar ( LIMAF ) on the transaction.

"The facility has great technology, continues to build on our diversification, hosts an excellent team, and is within close proximity to some of our Linamar European facilities," said Linamar's ( LIMAF ) chief executive officer Jim Jarrell. "This acquisition will also drive both revenue and income growth, and will enhance our Linamar ( LIMAF ) family."