Schaeffler Strengthens Industrial Business with the Purchase of Ewellix Group

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Source: Schaeffler

“By acquiring Ewellix, we are further strengthening our industrial business and are continuing to follow through on our strategy despite these volatile times.” - Klaus Rosenfeld, Chief Executive Officer, Schaeffler AG

July 2022 : The automotive and industrial supplier Schaeffler recently 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.

Klaus Rosenfeld, Chief Executive Officer, Schaeffler AG, said, “By acquiring Ewellix, we are further strengthening our industrial business and are continuing to follow through on our strategy despite these volatile times.”

He further said, “This acquisition represents a further step in the diversification of our business as a global automotive and industrial supplier and will put us in an even stronger position to invest in attractive growth markets. The deal is another key milestone that will make the Schaeffler Group even better prepared for the future.”

Linear technology promises to be a major driver of growth within the global industrial technology business over the coming years. The shared focus in this area is on high-growth sectors of the market, such as industrial automation, robotics, medical technology, the food and drinks industry, and mobile machinery.