July 17, 2015 / 5:28 AM / 2 years ago

BRIEF-Georg Fischer's GF Automotive unit announces JV with Linamar Corp.

July 17 (Reuters) - Georg Fischer AG :

* GF Automotive, a division of GF, announces a 50/50 joint venture with Linamar Corp., Guelph (Ontario, Canada)

* Overall investment over next five years will amount to approx. $100 million

* Joint venture plans to produce lightweight powertrain and structural components, drawing from expertise of both partners

* Closing of transaction is anticipated for beginning of September 2015 Source text - bit.ly/1I7O9ZB

Further company coverage: (Gdynia Newsroom)

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