- Ewellix’s products are used in medical, mobile machinery, assembly automation and robotics, and various general industrial applications
- Schaeffler, the buyer, is a global supplier to the automotive and industrial sectors
- Triton made ‘significant’ investments in digitalisation and product development during the ownership period
Triton Partners announced on Monday that it has signed an agreement to sell Ewellix to Schaeffler AG. Triton Fund V acquired Ewellix via a carve-out from Sweden’s SKF Group in 2018. The transaction is expected to close by the end of 2022.
Gothenburg-headquartered Ewellix is a manufacturer of actuation and linear motion products, used in fields of medical, mobile machinery, assembly automation and robotics, and various general industrial applications.
During Triton’s ownership, Ewellix’s production footprint and procurement functions were improved, and significant investments were made in the company’s digitalisation and product development. London-based Triton repositioned Ewellix as a standalone company, and focused on on high growth niches within the linear motion market.
The buyer, Schaeffler AG, is based in Herzogenaurach, Germany and is a global supplier to the automotive and industrial sectors.
“We would like to thank Ewellix’s management team, employees and all those that have contributed to the company’s successful transformation during our ownership,” commented Claus von Hermann, managing partner at Triton. “We wish Ewellix all the best for the future under Schaeffler’s stewardship.”
“Schaeffler and Ewellix are an excellent combination both in terms of cultural fit as well as product complementarity,” said . Stefan Spindler, CEO, Industrial Schaeffler AG. “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.”