Triton signs an agreement to sell Ewellix to Schaeffler

Triton Partners has signed an agreement to sell Ewellix to Schaeffler AG, the leading global supplier to the automotive and industrial sectors. The transaction is subject to customary regulatory approvals and other closing conditions and is expected to take place end of 2022.

Triton acquired Ewellix from the Swedish SKF Group in 2018. Since then, the company has been strategically repositioned as a standalone company with a focus on high growth niches within the linear motion market. In addition, the product portfolio was streamlined, its production footprint and procurement functions optimized, and significant investments were made in digitalization and product development.

Ewellix is a global innovator and manufacturer of actuation and linear motion solutions. Its products are used in a wide range of applications and equipment, including medical, mobile machinery, assembly automation and robotics, as well as various general industrial applications. Ewellix has sales offices in 15 countries, which combined with a network of ~550 carefully selected distribution partners and ~3,200 branch offices, gives a truly global sales presence. We operate six manufacturing units across the US, Europe and Asia, enabling efficient delivery to a worldwide customer base.

Claus von Hermann, Managing Partner at Triton, said: “We would like to thank the management team, employees and all others that have contributed to Ewellix’s transformation during our ownership and we wish the company all the best for the future under Schaeffler’s stewardship.”

Dr. Stefan Spindler, CEO Industrial Schaeffler AG, commented: “Schaeffler and Ewellix are an excellent combination both in terms of cultural fit as well as product complementarity. I got to know the Ewellix team as being highly market and customer-driven with a strong innovation and product pipeline. At Schaeffler we are very much looking forward to welcoming our new colleagues in order to jointly write the next growth chapter.”

Daniel Westberg, CEO of Ewellix, added: “We thank the Triton team for the great support and the good collaboration during our partnership, and welcome Schaeffler as our new owner. We are excited about the next phase of our journey as a high growth profitable company.”

About Ewellix
Ewellix is a global innovator and manufacturer of linear motion and actuation solutions used in assembly automation, medical applications and mobile machinery. Formerly part of SKF Group, the Ewellix Group consists of 16 sales units and six factories. External net sales are approximately 250 EUR million and we employ around 1250 people. Ewellix is headquartered in Gothenburg, Sweden and has been owned by Triton since 2018.

For further information: https://www.ewellix.com/en

About Schaeffler
Schaeffler Group – We pioneer motion. As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 13.9 billion in 2021. With around 83,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,800 patent applications in 2021, Schaeffler is Germany’s third most innovative company according to the DPMA (German Patent and Trademark Office).

For further information: https://www.schaeffler.com

About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.

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 improvement and growth.

The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 104,000 employees.

For further information: www.triton-partners.com