GKN to Sell Walterscheid Powertrain Group

One Equity Partners (OEP), a private equity firm, has announced it will acquire Walterscheid Powertrain Group, a provider of original equipment and aftermarket parts and services for off-highway powertrain applications, from GKN Limited.

OEP will partner with the management team of Walterscheid, led by CEO Wolfgang Lemser, to establish the Company as an independent business, ensure continuity for customers, suppliers and employees, and to invest in the Company’s continued growth. Walterscheid expects no changes to daily operations.

Walterscheid has nine manufacturing plants and operates 26 aftermarket service locations globally, with a network of 130 distribution partners worldwide.

The transaction is expected to close in the second quarter of 2019, pending customary closing conditions and regulatory approval.

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