# Schaeffler acquires remaining 10% stake in Schaeffler Paravan Technologie

Schaeffler Technologies AG & Co. KG signed an agreement to acquire the remaining 10% stake in Schaeffler Paravan Technologie GmbH & Co. KG from Arnold Verwaltungs GmbH, taking full ownership. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2022-10-14
- Where: Germany
- Status: announced
- Products: Space Drive drive-by-wire system
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (acquirer)
- [Triton Fund V](https://endata.com/companies/13456.md) (partner)
- [Ewellix Group](https://endata.com/companies/64321.md) (target)
- [Schaeffler Paravan Technologie](https://endata.com/companies/65807.md) (target)
- [Arnold Verwaltungs GmbH](https://endata.com/companies/65808.md) (partner)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/schaeffler-acquires-100-percent-stake-in-schaeffler-paravan-technologie-gmbh-co-kg/), 2022-10-14: "Schaeffler Technologies AG & Co. KG and Arnold Verwaltungs GmbH signed a basic agreement under which Schaeffler Technologies AG & Co. KG will acquire the remaining 10 percent stake in the joint venture company Schaeffler Paravan Technologie GmbH & Co. KG."
- [afm.es](https://www.afm.es/en/news/schaeffler-further-strengthens-industrial-business-with-purchase-of-ewellix-group), 2022-11-02: "By acquiring Ewellix, we are further strengthening our industrial business and are continuing to follow through on our strategy despite these volatile times."

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