Schaeffler acquired Ewellix Group
July 26, 2022 | By Monica Ferguson
Schaeffler signed an agreement with an affiliate of Triton Fund V for the acquisition of Ewellix Group. The purchase is still conditional on regulatory scrutiny.
“By acquiring Ewellix, we are further strengthening our industrial business and are continuing to follow through on our strategy despite these volatile times,” said Klaus Rosenfeld, CEO, Schaeffler. “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.”
Schaeffler and Ewellix share a focus in linear technology, such as industrial automation, robotics, medical technology, the food and drinks industry, and mobile machinery.
