Schaeffler preps for the future with the acquisition of Ewellix Group

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To build tomorrow's future, you must start today. That is what Schaeffler is doing by signing an agreement to acquire one of the market leaders in linear technology products, Ewellix group.

"By acquiring the Ewellix group, we are significantly expanding our industrial division's linear tech-nology footprint, particularly in areas of strategic importance for the future", states Dr Stephan Spindler, CEO of Industrial at Schaeffler.

Linear technology promises to be a substantial growth driver within the global industrial technol-ogy business over the coming years. The Ewellix deal represents a significant expansion of Schaeffler's portfolio of linear technologies, enabling the company to tailor its products in this area even more closely to customer requirements.

Furthermore, with this agreement, Schaeffler can focus more on the three prominent trends in the industrial business. The first trend is replacing or supplementing hydraulic and pneumatic solu-tions with electromechanical systems. The second if the quest for optimal efficiency, and the third is automation and robotics.

With the Ewellix acquisition, Schaeffler can use their modular range of actuator technologies to quickly and cost-effectively build customised application-specific solutions based on smart design solutions.

This acquisition represents a further step in the diversification of Schaeffler as a global automotive and industrial supplier. It will put Schaeffler in a stronger position to invest in attractive growth markets and represents a critical milestone that will make the Schaeffler group better prepared for the future.

To find out more about Schaeffler's blockbuster acquisition, click here.