Pestalozzi advises Triton on sale of Ewellix
Triton Partners has signed an agreement to sell Ewellix to Schaeffler AG, the leading global supplier to the automotive and industrial sectors. The transaction is subject to customary regulatory approvals and other closing conditions and is expected to take place end of 2022.
Triton acquired Ewellix from the Swedish SKF Group in 2018. Since then, the company has been strategically repositioned as a standalone company with a focus on high growth niches within the linear motion market. Ewellix is a global innovator and manufacturer of actuation and linear motion solutions. Its products are used in a wide range of applications and equipment, including medical, mobile machinery, assembly automation and robotics, as well as various general industrial applications. Ewellix has sales offices in 15 countries, which combined with a network of ~550 carefully selected distribution partners and ~3,200 branch offices, gives a truly global sales presence.
Pestalozzi advised Triton on all Swiss law aspects of the transaction.