Triton completes sale of Ewellix
Stockholm / Gothenburg (Sweden), Herzogenaurach (Germany), 03 January 2023 – Triton Fund V advised by Triton Partners (“Triton”), has completed the sale of Ewellix (“Ewellix”), a global innovator and manufacturer of linear motion and actuation solutions, to Schaeffler AG (“Schaeffler”), the leading global supplier to the automotive and industrial sectors.
Triton acquired Ewellix, formerly known as SKF Motion Technologies, via a carve-out transaction from Sweden’s SKF Group in 2018. By combining Triton’s expertise in the Industrial Tech sector with the firm’s strong track record in carve-outs, Ewellix underwent a rapid and highly successful transformation. During Triton’s ownership, the company was strategically repositioned as a standalone company with a focus on high growth niches within the linear motion market. In addition, the product portfolio was streamlined, its production footprint and procurement functions optimized, and significant investments were made in digitalization and product development.
Today, 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 its network of ~550 selected distribution partners and ~3,200 branch offices, gives it a truly global sales presence. The company operates 6 manufacturing units across the US, Europe and Asia, enabling efficient delivery to its worldwide customer base.
About Ewellix
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 its network of ~550 distribution partners and ~3,200 branch offices, gives it a truly global sales presence. Ewellix operates 6 manufacturing units across the US, Europe and Asia, enabling efficient delivery for its worldwide customer base. Ewellix is headquartered in Gothenburg, Sweden.
For further information: https://www.ewellix.com/en
About Triton
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term and wishes to be agents of positive change towards sustainable operational improvement and growth.
The companies currently in Triton’s portfolio have combined sales of around EUR 18 billion and employ around 105,000 employees.
For more information: www.triton-partners.com
