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The Schaeffler Group completed the acquisition of Ewellix on January 3, 2023. Ewellix, a global innovator in linear motion and actuation solutions with approximately EUR 250 million in net sales and 1,250 employees, will operate as an additional business within Schaeffler Industrial.
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.
Schaeffler AG has entered into an agreement to acquire Ewellix Group from Triton Fund V for a purchase price of approximately EUR 582 million, plus assumed net debt of about EUR 120 million. Closing is expected by end of 2022.