Schaeffler strengthens industrial activity with the acquisition of Ewellix Group (German)

Ball and roller screws, linear guides ^

DGAP-News: Schaeffler AG / Keywords: Purchase / Miscellaneous

Schaeffler AG: Schaeffler strengthens its industrial activities with the acquisition of Ewellix

Group

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07/25/2022 / 08:25

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Schaeffler strengthens its industrial activities with the acquisition of the Ewellix Group

* An attractive addition to the portfolio of the Industrial division

innovative and technologically leading products in the field

line technology

* Above average growth in business thanks to growth

Customer investments in electromechanics, efficiency gains,

Automation and Robotics

* Integration of a very experienced team with a good cultural fit

* High synergy potential, especially in sales

* Enabling the Schaeffler Group to have a solid balance sheet and cash position

consistent continuation of the M&A strategy even in unstable times

Herzogenaurach | July 25, 2022 | Automotive and industrial supplier

Schaeffler yesterday with Triton Fund V

the holding company signed an agreement to acquire the Ewellix Group

signed. By purchasing a global manufacturer and supplier

linear elements and technical systems that are still subject to

examination and approval by the competent authority

Schaeffler strengthened its market position primarily in the liner industry. Ewellix is

one of the market leaders, incl. in the electromechanical industry

Cylinders, lifting columns and roller screws. These will be in

Sectors such as robotics, medical technology and mobile machines

deployed. Existing product offer of the industrial division

Schaeffler is characterized by a highly complementary product range

Ewellix perfectly complemented. Sales and R&D teams and six

Production and assembly locations with a total of approximately 1,200

Employees make up a strong business unit and they are

Working hand in hand with the Schaeffler Industrial team to achieve synergy.

Klaus Rosenfeld, CEO of Schaeffler AG, says: “Thanks

The Ewellix acquisition strengthens our industrial activity and continues ours

Strategy consistently implemented even in unstable times. Acquisition

helps to grow our business as a global automotive manufacturer and

Industrial suppliers for further diversification and even greater diversification towards attractive ones

investing in developing markets. The transaction is another milestone

along the way, the Schaeffler Group is even better for the future

equalize. “

Linear technology has great potential for growth in the coming years

as part of global industrial business. The common goal is

in fast-growing market sectors such as industry

automation, robotics, medical technology, food and beverages

beverage industry and mobile machinery.

Schaeffler as the perfect new Ewellix owner

Ewellix is ​​a global company based in Gothenburg,

Sweden. In 2018, the former SKF line business was acquired by

The investment firm Triton acquired and sold under the Ewellix as brand

changing the position of an independent company.

The Ewellix Group is a leading producer and supplier

linear actuators, state-of-the-art design and development,

Manufacturing competencies as well as application technology and digitization unite.

The company has over 50 years of experience in this industry.

Main products such as actuators, lifting columns, robotic range extenders,

Ball and roller screws, linear guides (profile rail guides and

Linear ball bearings) are used in a variety of applications and devices

Application of, among others in medical technology, in mobile machines, v

Automation of assembly, in robotics and many others

industrial applications. The company has six productions and

manufacturing facilities in the US, Europe and Asia and maintains 16

Sales offices in 15 countries and a network of approximately 550 sales partners.

In 2021, it had sales of approximately EUR 216 million. For

Sales are expected to be around 250 million euros for the full year 2022.

Dr. Stefan Spindler, director of industrial affairs at Schaeffler, said: “Z

With the acquisition of the Ewellix Group, we are expanding our industrial activities in

Linear technology significantly, especially in important future areas. I have

the company as a very well managed business unit with a high customer and

Learning about sales orientation and appropriate product development.

As a result, the company has a particularly strong pipeline

innovative solutions and numerous customer projects. We will

Ewellix team on the implementation of ambitious development goals

support, step by step increase synergy and

Production technology common to Ewellix production units

to develop.”

Megatrends of electromechanics, increased efficiency, automation and robotics

The transaction enables the Schaeffler Group to expand its own portfolio

significantly expand in the field of linear technology and thus even more

to be able to meet the needs of customers. In addition, the purchase of Ewellix

Schaeffler is able to focus more strongly than before on the three main trends in

focus on industrial business. First, the trend towards electromechanics

replace or supplement hydraulic or pneumatic systems,

second, the trend towards productivity gains, and third, the trend towards

Automation and Robotics. Ewellix uses a set of actuators which:

enables fast and cost-effective solutions tailored to customer needs

implement. By merging with the Schaeffler portfolio

future additional tailor-made solutions based on intelligent

possible design rules.

The solid balance sheet and cash position of the Schaeffler Group

The Schaeffler Group has built a solid balance sheet and

has developed a liquidity position that allows it even in unstable times,

to successfully complete the acquisition.

Claus Bauer, Chief Financial Officer of Schaeffler AG, said: “Our solid

Balance sheet and cash position, which is also a high result

Cost discipline allows us to be in the crosshairs even in unstable times

take advantage of strategic development opportunities. This is also the result

consistent capital and cost discipline over the past few years. “

The purchase price of the transaction in the form of the so-called share deal

takes place with a value of approximately EUR 582 million. This value excludes z

Schaeffler net debt to be taken over from Ewellix in the amount of approx

EUR 120 million and transaction costs. The purchase price will be

from existing internal and external funds. This

it is assumed that the transaction will end in 2024.

Schaeffler AG earnings per share improvement in the average

one-digit percentage range.

The performance of the purchase contract is below normal market standards

Conditions of Closure with regard to merger control and

foreign trade permits. With the performance of the purchase contract

expected at the end of 2022.

Ewellix’s offer includes a wide range

high performance electromechanical actuators in various

Designs and configurations for general and specific

industrial applications.

Ewellix is ​​one of the leaders in the electromechanical market, incl.

industrial cylinders and lifting columns and roller screws. This

are used in sectors such as robotics, medical technology and mobile machinery

deployed.

Forward-looking statements and projections

Some of the statements in this press release are

forward-looking statements. By their nature, forward-looking statements are:

this entails a number of risks, uncertainties and assumptions

may result in actual results or developments

stated or implied by forward-looking statements

outcomes or developments differ in important respects. This

Risk, uncertainty and assumptions can negatively affect earnings

and the financial implications of the projects described in this document

and development. There is no obligation

forward-looking statements based on new information, future

development or for other reasons by public announcement

update or change. The addressees of this press release should:

not to rely disproportionately on any forward-looking statement

trust only as of the date of this press release

reflect. Claims in this press release about trends

or past events should not be interpreted as statements

be dealt with in such a way that these trends and changes take place

to continue in the future. The warnings listed above are found in

relationship with subsequent oral or written forecasting

Statements by Schaeffler or by persons acting on its behalf

respect.

Schaeffler Group – We are the pioneers of the movement

The Schaeffler Group has been a world leader for over 75 years

Automotive and industrial suppliers are pioneers of inventions and

Development in the field of exercise and mobility. With innovative

Technologies, products and services in the field of electromobility,

CO2 efficient drives, Industry 4.0, digitization and renewable energy sources

Energies, the company is a reliable partner for relocation and

Make mobility more efficient, smarter and more sustainable. This

The technology company produces precision components and systems for

Drive train and chassis solutions as well as rolling and friction bearings for one person

variety of industrial applications. In 2021

The group of companies has a turnover of approximately EUR 13.9 billion. with approx

With 83,000 employees, the Schaeffler Group is one of the largest in the world

Family business. Schaeffler has proven with over 1,800 patent applications

in 2021, third place according to DPMA (German Patent and Trademark Office)

Ranking of the most innovative companies in Germany.

Contact person

dr Axel Lüdeke Head Renata Casaro Head

Corporate Communication and Public Affairs Investor Relations Schaeffler

Schaeffler AG, Herzogenaurach Tel: AG, Herzogenaurach Tel: +49

+49 9132 82 8901 e-mail: 9132 82 4440 e-mail:

[1][email protected] 1. [1][email protected] 1.

post office:[email protected] post office:[email protected]

Matthias Herms Head of Communications Stefanie Dangl Senior Manager

Finance Schaeffler AG, Investor Relations Schaeffler

Herzogenaurach Tel: +49 9132 82 37314 AG, Herzogenaurach Tel: +49

E-mail: 9132 82 4440 E-mail:

[1][email protected] 1. [1][email protected] 1.

post office:[email protected] post office:[email protected]

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07/25/2022 publication of corporate news / financial announcement,

provided by DGAP – EQS Group AG service.

The issuer / publisher is responsible for the content of the application.

DGAP’s distribution services include statutory reporting requirements,

Corporate / financial news and press releases.

Media archive at http://www.dgap.de

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German

Company: Schaeffler AG

Industriestr. 1-3

91074 Herzogenaurach

Germany

Phone: 09132 – 82 0

E-mail: [email protected]

Internet: www.schaeffler.com

ISIN: DE000SHA0159

WKN: SHA015

Indices: SDAX

Exchanges: Regulated market in Frankfurt (Prime Standard);

Open market in Berlin, Dusseldorf, Hamburg, Hannover,

Munich, Stuttgart, Tradegate Exchange

EQS message ID: 1404519

End of news DGAP news service

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1404519 07/25/2022

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