Schaeffler strengthens industrial business with acquisition of CERASPIN
- Acquisition of specialist in high-quality ceramic components a valuable addition to Industrial division’s capabilities
- Industrial division secures strategically important technology and strengthens supply chain
- Expansion of capabilities in the field of ceramic solutions for industrial customers
The automotive and industrial supplier Schaeffler has signed a contract with the CERATIZIT Group for the acquisition of CERASPIN. Based in Livange, Luxembourg, CERASPIN has over 25 years’ experience in the development and production of premium ceramic products, the majority of which are processed into rolling elements for various bearing applications.
The bearings manufactured on the basis of this technology are used in a wide range of strategic growth areas, including wind energy, rail, aerospace, medical equipment, electrical engineering, and vacuum pumps for the semiconductor industry.
Rolling bearings with ceramic components are characterised as low friction, reduced wear and particularly high accuracy and precision. They are also used increasingly more in applications designed to protect mechanical components against electrical current passage.
CERASPIN has many years of experience and expertise in development and production across all stages of the value chain, from raw material to finished component. These impressive credentials enable the company to deliver premium quality and technologically sophisticated products.
CERASPIN is an established provider in Europe and has been a supplier to the Schaeffler Group since 2004.
The acquisition of CERASPIN further enhances Schaeffler’s position in areas of strategic importance for the future. Dr. Michael Pausch, chief technology officer of Schaeffler’s Industrial division, said: “CERASPIN’s expertise in ceramic components for rolling bearings is of critical importance to Schaeffler. In acquiring CERASPIN, we are strengthening our supply chain, especially in Europe, while at the same time building up a strong position in high-value components for strategically important growth sectors.”
Under the purchase agreement, Schaeffler will acquire 100 per cent of CERASPIN. The transaction is expected to be completed before the end of the fourth quarter and is subject to customary closing conditions. The parties have agreed not to disclose details of the transaction.
Schaeffler (UK) Ltd
- info.uk@schaeffler.com
- http://www.schaeffler.co.uk
- Unit 308 Fort Dunlop Fort Parkway Birmingham B24 9FD GB
About us
Schaeffler Group – We pioneer motion
Schaeffler (UK) Ltd holds a total of 180 years of bearing experience and know-how. As a leading rolling bearing specialist we provide customers with innovative bearing solutions from a single source for a variety of industries, as well as condition based maintenance solutions. Our technical knowledge is second to none. Whatever the application we have the solution for you.
Where we supply to
UK Ireland, Europe, Africa, Asia, Australia, South America, North America
Industries we supply to
Automation, Chemicals, Consultants, Components Electronics, Energy and Power, Food and Beverage, Glass Ceramics Cement, Metals and Minerals, OEM, Paper and Pulp, Pharmaceutical Cosmetics Toiletries, Plastics and Rubber, Recycling, Textiles, Tobacco, Water and Wastewater
