SKF Motion Technologies becomes Ewellix

Press releases   •   Oct 08, 2019 12:00 CEST

​SKF Motion Technologies, formerly part of the SKF Group, has announced that it is to launch a new name and branding, to reflect the changes that the company has undergone since it was acquired in December 2018 by Triton Partners. With immediate effect, the company will be known as Ewellix: Makers in Motion.

SKF Motion Technologies to unveil new name and branding at Motek 2019 and launch range of next generation and IoT ready linear motion products

Press releases   •   Sep 04, 2019 07:00 CEST

SKF Motion Technologies (SMT) will unveil its new name and visual identity at this year’s Motek exhibition, as an independent business, following its acquisition from SKF Group by Triton Partners in December 2018.

Triton completes acquisition of SKF Motion Technologies

Press releases   •   Dec 03, 2018 07:00 CET

Stockholm (Sweden), Gothenburg (Sweden) 03 December 2018 – After receiving the required approvals, funds advised by Triton (“Triton”) have successfully completed the acquisition of the business unit SKF Motion Technologies (“SMT”) from the SKF Group listed on Nasdaq Stockholm.

SMT is a global provider of electrical linear actuator components- and systems as well as linear motion products, with market leading positions and differentiated offerings in global niche markets, including high end medical and industrial actuators and roller screws. Headquartered in Gothenburg, Sweden, the company operates nine production sites, 13 dedicated sales units and employs approximately 1,200 employees.

With the closing Triton takes over all entities of the former business unit, as well as all staff. From now on SMT will be further developed as a standalone company under Triton’s ownership. A new brand name will be rolled out during 2019 and the company will continue to be known as “SKF Motion Technologies” and retain legal right to use the abbreviation SKF until introduction of the new brand.


“We look forward to actively supporting SMT’s management and employees by investing in and supporting the growth and development of the company. Our industry expertise from other investments in the sector and our strong network of senior industry experts, will contribute to further develop the company.” said Peder Prahl, Director of the General Partner for the Triton funds.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton's portfolio have combined sales of around € 12.9 billion and around 83,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

Press Contacts

Triton SKF

Fredrik Hazén

Phone: +46 709 483 810

Theo Kjellberg

Phone: +46 72 577 65 76

Stockholm (Sweden), Gothenburg (Sweden) 03 December 2018 – After receiving the required approvals, funds advised by Triton (“Triton”) have successfully completed the acquisition of the business unit SKF Motion Technologies (“SMT”) from the SKF Group listed on Nasdaq Stockholm.


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Triton has signed an agreement to acquire SKF Motion Technologies

Press releases   •   Jul 31, 2018 07:00 CEST

Stockholm (Sweden), Gothenburg (Sweden) 31 July 2018 – Funds advised by Triton (“Triton”) have signed an agreement of its intention to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm. Triton intends to form a standalone company under a new brand.

Regulatory approvals, finalization of necessary consultations and other customary closing conditions are underway. SKF’s French linear and actuation technology business is dealt with on a separate process, but both parties have the intention to reach an agreement to also divest it to Triton.

SKF Motion Technologies is a global provider of electrical linear actuator components- and systems as well as linear motion products, with market leading positions and differentiated offerings in global niche markets, including high end medical and industrial actuators and roller screws. Headquartered in Gothenburg, Sweden, the company operates nine production sites (Sweden, France (2), Switzerland, Germany (2), US, Taiwan and China), 13 dedicated sales units and employs approximately 1,200 employees.

"We look forward to actively supporting the management and employees as a stable owner by investing in and supporting the growth and development of the company. Our strong industry expertise, gained through other investments and strengthened by senior industry experts, will contribute in taking the company to the next level.” said Peder Prahl, Director of the General Partner for the Triton funds.

“By becoming a standalone entity supported by an experienced and active owner with broad sector expertise, we will improve our ability to advance our positions and offerings in niche markets segments, said Daniel Westberg, Managing Director of SKF Motion Technologies.

“SKF Motion Technologies operate in a structurally growing market driven by automation with an attractive product portfolio and strong engineering competence. We look forward to apply our experience from other corporate carve out processes to build and grow the company further”, said Johan Pernvi, Investment Advisory Professional and advisor to the Triton Funds.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 35 companies currently in Triton's portfolio have combined sales of around €13 billion and around 87,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

Press Contacts

Triton SKF

Fredrik Hazén

Phone: +46 709 483 810

Theo Kjellberg

Phone: +46 72 577 65 76

Stockholm (Sweden), Gothenburg (Sweden) 31 July 2018 – Funds advised by Triton (“Triton”) have signed an agreement of its intention to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm. Triton intends to form a standalone company under a new brand.

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Upcoming events 2 events

22 Oct all day

Ewellix at the ASSEMBLY Show

Oct 22 - Oct 24
Rosemont, Illinois, USA

12 Nov 09:00

Ewellix at Elmia Subcontractor

Nov 12 - Nov 15
Jönköping, Sweden

Contacts 2 contacts

About Ewellix

Global innovator and manufacturer of Linear Motion and Actuation solutions

Ewellix is a global innovator and manufacturer of Linear Motion and Actuation solutions used in industrial automation, medical applications and mobile machinery. Formerly part of SKF Group, the Ewellix Group consists of 16 sales units and nine factories. External net sales are approximately 2.3 SEK billion and we employ around 1400 people. Ewellix is headquartered in Gothenburg, Sweden and is owned by Triton.

Address

  • Ewellix
  • Lilla Waterloogatan 8
  • SE-415 02 Göteborg
  • Sweden