The automotive and industrial supplier Schaeffler signed an agreement with an affiliate of Triton Fund V for the acquisition of the Ewellix Group.
The purchase of the global manufacturer and supplier of linear technology components and systems, which is still conditional on regulatory scrutiny and approval, strengthens Schaeffler’s market position, particularly in the linear business. Ewellix is a market leader in multiple areas of technology, including electromechanical industrial actuators and lifting columns as well as roller screws. These products are used in sectors such as robotics and medical technology and in mobile machinery. The Ewellix Group’s product range is highly complementary to the existing product portfolio in Schaeffler’s Industrial division. Ewellix’s sales and R&D teams and its six production and customizing sites – which together have a combined workforce of around 1,200 – constitute a strong business unit and will work closely with the Schaeffler Industrial team to realize synergies.
Source text: Schaeffler