Schaeffler has sold its global automotive chain drive systems business to funds advised by DUBAG

Schaeffler Chain Drive Systems

Schaeffler Chain Drive Systems (CATENSYS) comprises 560 employees at nine locations in Europe, Asia, North and South America and generates sales of approximately €150 million. The business serves all major global original equipment manufacturers (OEMs) and is among the top three suppliers in the field of OE chain drive systems. In recent years, Schaeffler has realized significant efficiency improvements mainly driven by targeted operational and growth investments as well as by optimizing the footprint of its plants.

The Deal

The divestiture marks Schaeffler’s largest portfolio shift towards e-mobility yet. The purchaser aims to further expand the business’ market position as the world’s leading system supplier and partner for automotive OEMs, the aftermarket as well as applications outside automotive. With its many years of management and carve-out experience, DUBAG will provide long-term advisory support to the business as a permanent partner.

Our Perspective

Patrick von Herz and Richard Floto, Managing Directors in Lincoln International’s Frankfurt Office, commented, “Automotive suppliers, which consider portfolio adjustments in order to further transition to electrical propulsion applications, can count on a number of specialized financial investors, providing an acceptable solution to the sellers and its stakeholders.”

Schaeffler

Schaeffler is a leading global automotive and industrial supplier in the fields of motion and mobility. The company has a particular expertise in the areas of precision components and systems for powertrains and chassis as well as rolling and plain bearing solutions for a wide range of industrial applications. With revenues of €12.6 billion, more than 83,000 employees at more than 90 locations, the company is considered one of the largest family-controlled companies in the world.

DUBAG

DUBAG is a Munich-based private equity advisory firm, exclusively advising among others, the LEO II fund. In its position as exclusive advisor, DUBAG manages the acquisition and strategic realignment of companies with significant potential for value creation and long-term development across various industries.

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