Schaeffler AG (XTRA:SHA) entered into an agreement to acquire Ewellix AB from Triton Fund V managed by Triton for approximately €700 million on July 24, 2022. Under the terms of agreement, the purchase price to acquire Ewellix Group was of approx. €582 million and does not include the net debt of Ewellix of approx. €120 million which will be assumed by Schaeffler. The purchase price will be paid from existing internal and external financing sources. With the acquisition of Ewellix Group Schaeffler AG continues the expansion of its industrial division. Ewellix Group reported revenues of approximately €216 million equivalent for the year 2021. The closing of the purchase agreement is subject to customary regulatory approvals and market customary closing conditions with regard to merger control and foreign direct investment clearances. Closing is expected to occur end of 2022. The transaction is expected to lead to an improvement in earnings per share of Schaeffler AG in the mid-single digits already in 2024. Roger Johnson, Aneeq K. Durrani of Kirkland & Ellis LLP acted as legal advisor to Triton Partners. UBS Group AG (SWX:UBSG) acted as financial advisor to Triton in the transaction. Marco Carbonare, Stephan Oppenhoff, Thilo Zimmermann, Carsten Grave, Elisabet Lundgren, Niclas Widjeskog, Matthew Devey, René Döring, Michael Leicht, Atif Wolfgang Bhatti, Przemyslaw Lipin, Andrew Gaines, Markus Appel, Peter McCabe, Kerstin Wilhelm, and Géric Clomes of Linklaters acted as legal advisor to Schaeffler AG (XTRA:SHA).

Schaeffler AG (XTRA:SHA) completed the acquisition of Ewellix AB from Triton Fund V managed by Triton on January 3, 2023.