DGAP-News: Schaeffler AG: Schaeffler Group acquires Melior Motion GmbH and strengthens robotics business
DGAP-News: Schaeffler AG
/ Key word(s): Mergers & Acquisitions
- Manufacturer of innovative precision gearboxes for industrial robots acquired - Strategic bolt-on acquisition in a growth area within the industrial automation business unit - Patented planetary gearboxes facilitate high-precision positioning and repeat accuracy of robots along with extra-long service lives - Potential for growth in robotics as well as in machine tools, medical technology, logistics, and packaging machines
Over several years, Melior Motion GmbH has developed and successfully brought to the market an innovative planetary gearbox for industrial robots that is highly precise, features outstanding repeat accuracy, low noise emissions as well as very sound robustness. A modular platform concept has been developed based on this technology. The first gearboxes of this design have been on the market since 2017 and are proving their worth, whilst meeting with rapidly growing demand. The company, which generated revenue of around 23 million euros in 2021, has over 100 employees and is located in Hameln, Germany. It is currently planning another production site in China. Europe and China are currently the main sales markets of Melior Motion GmbH. The company was established in 2017 and traces its origins back to the Stephan-Werke founded in 1908, which was acquired by Premium Ltd. in 2011. The parties have agreed not to disclose the financial details of the transaction, which is scheduled to close by the end of January 2022 subject to customary closing conditions being met. Strategic bolt-on acquisition in a growth area within the industrial automation business unit Melior Motion GmbH and its predecessors have been developing precision gears for robotics manufacturers and applications in industrial automation for over 30 years. After many years of collaborating with Kuka, the new, innovative precision gearbox was qualified for two industrial robots as well and is currently installed in two axes of the KR Cybertech and six axes of the KR Iontec. As a result of these products' success in the market, which is driven by the features of the new drive concept in particular, Melior Motion GmbH will considerably expand its production capacity in 2022. Ralf Moseberg, Senior Vice President Industrial Automation at Schaeffler Industrial, states: "The developments and products of the highly qualified team at Melior Motion GmbH are an ideal addition to the Schaeffler Group's product portfolio. The much lower backlash, compared to competitors' products, is derived from an ultra-precise planetary gearbox concept with special characteristics. The high torque density, long service life, and outstanding energy efficiency are of exceeding interest to our large customer base in the field of robotics. The two companies' products are complementary and share the same group of customers. We also expect the similarity of our manufacturing technologies to enable us to realize synergies in purchasing and production." Chris Morrell, managing director of Melior Motion GmbH, states: "We are delighted to gain a new owner and strategic partner for the future in the Schaeffler Group. Its global footprint, manufacturing expertise, and especially its ability to scale up the business will enable us to launch another phase of accelerated growth with respect to industrial robots and the machine tool market. Along with Germany, we especially plan to considerably increase local production capacity in China. This can now be done much more rapidly within Schaeffler's existing infrastructure."
Schaeffler Group - We pioneer motion Contacts
24.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
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 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1272118 |
End of News | DGAP News Service |
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1272118 24.01.2022
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