Announced
Completed
Financials
Tags
Private Equity
Acquisition
Merger
Majority
smart powertrain solutions
Single Bidder
Cross Border
Public
Friendly
Italy
Machinery: Agricultural
Machinery: Industrial
industrial engineering
Germany
Completed
Synopsis
One Equity Partners-backed Walterscheid Powertrain Group, a global provider of connected and smart powertrain solutions, completed the merger with Comer Industries, a designer and manufacturer of advanced engineering systems and solutions for power transmissions. Comer Industries will own 100% of Walterscheid. Financial terms were not disclosed. The operation is unique in the international scene and creates the first global player in the field of mechanics applied to the agriculture sector.
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