# AQ Group acquires Schaffner's Power Magnetics Division for CHF 22.4 million

AQ Group AB has signed an agreement to acquire Schaffner Group's Power Magnetics Division for CHF 22.4 million. The division has sites in Germany, Hungary, USA and China.

- Type: Acquisition
- Announced: 2021-04-15
- Value: $24.4M (22.4M CHF)
- Status: announced
- Products: reactors, transformers, filters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md) (acquirer)
- [Schaffner Group](https://endata.com/companies/54482.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-acquires-schaffner-s-power-magnetic-division,c3325436), 2021-04-15: "The purpose of the acquisition is to extend AQ’s customer base and to broaden our technology and market presence in Inductive Components."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.