Walterscheid Powertrain Group
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Walterscheid Powertrain Group - overview
Established
1919
Location
Lohmar, -, Germany
Primary Industry
Industrial Machinery
About
Founded in 1919 by Jean Walterscheid, and based in Lohmar, Germany, Walterscheid Powertrain Group, f/k/a GKN Off-Highway Powertrain, is a provider of powertrain systems and service support for off-highway and industrial equipment manufacturers. In 2019, One Equity Partners (OEP) acquired the company from GKN Limited, and in July 2021, Comer Industries agreed to acquire a 100% stake of WPG Holdco, the holding company controlling Walterscheid Powertrain Group for EUR 203 million, the transaction is expected to close in the fourth quarter of 2021. As of August 2021, the company is led by Wolfgang Lemser, as its CEO, and employs more than 2,200 employees. The firm has 9 manufacturing facilities, and 20 service centers in 16 countries, and 130 distribution partners worldwide.
The company manufactures and distributes gearboxes, driveshafts, accessories and spare parts, hitch systems, attachment systems, clutches, and other parts for agriculture, construction, commercial, mining, and material handling vehicles through its brands, Walterscheid, Off-Highway Powertrain Services, aquadrive, ICVD, agmaster, Uni-Cardan, Mechanics, and Rockford. The firm also offers products to the defence, and marine sectors, and provides services to industries, varying from food production to steel, paper mills, and power generation. Additionally, the firm covers the entire OEM component cycle, including after-market and through-life services such as gearbox inspection, spare parts sales, repair, modification, and customization of shafts and drives, services, etc. Furthermore, the company extends its service by providing condition monitoring systems, smart and connected powertrain solutions, asset performance optimization, and predictive analytics solutions.
Following the completion of the transaction with Comer, Walterscheid Powertrain Group will be listed on the Italian Stock Exchange. The combined group intends to expand its reach throughout the European market, whilst preserving its identity, brands, and resources.
Current Investors
One Equity Partners
Primary Industry
Industrial Machinery
Sub Industries
Automobiles, Other Vehicles & Parts, Construction, Defence, Industrial Machinery
Website
www.walterscheid-group.com
Verticals
Manufacturing
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Walterscheid Powertrain Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Walterscheid Powertrain Group | - |
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