One Equity Partners (OEP) and Walterscheid Powertrain Group (WPG) announce that an agreement has been signed to acquire Walterscheid
Powertrain Group, a leading provider for original equipment and aftermarket parts and services for off-highway powertrain applications, from GKN Limited.
Under the new owner, and the continued leadership of CEO Wolfgang Lemser, Walterscheid Powertrain Group will be established and operate as an independent business, ensuring reliable continuity for customers, suppliers and employees.
Customer-orientation and technology leadership
“Walterscheid Powertrain Group will further enhance its global position as customer-oriented and innovative company with a clear focus on technological leadership, quality, and sustainability”, says CEO Wolfgang Lemser. “It is our strategy to grow the business and develop the next generation of smart, connected powertrain systems according to our customers’ needs.”
As a result of the separation from the previous group of companies, Walterscheid Powertrain Group sees excellent opportunities to further enhance its development and manufacturing expertise in the field of powertrain technologies. On the occasion of bauma 2019, Walterscheid Powertrain Group and some of the group´s innovative technical solutions will be presented for the first time.
Further information is available at www.walterscheid-group.com