# DUBAG to acquire global chain drive business from Schaeffler

DUBAG, a private equity firm, agreed to acquire the global chain drive business from Schaeffler, an automotive and industrial supplier. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-08-11
- Status: announced
- Products: chain drive systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (target)
- [DUBAG Group](https://endata.com/companies/12115.md) (acquirer)

## Sources

- [app.mergerlinks.com](https://app.mergerlinks.com/transactions/2021-08-11-schaeffler-global-chain-drive-business), 2021-08-11: "We are delighted to welcome the employees and pleased to support the management, led by Dr. Markus Ottmüller and his team, on its future path to become a leading independent partner for automotive OEMs in the development and production of best-in-class chain drive systems."

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