Schaeffler AG: Schaeffler Group acquires Melior Motion GmbH and strengthens robotics business

DGAP-News: Schaeffler AG / Key word(s): Mergers & Acquisitions Schaeffler AG: Schaeffler Group acquires Melior Motion GmbH and strengthens robotics business 24.01.2022 / 16:00 The issuer is solely responsible for the content of this announcement. Schaeffler Group acquires Melior Motion GmbH and strengthens robotics business   - 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 Herzogenaurach | January 24, 2022 | Automotive and industrial supplier Schaeffler has signed an agreement to acquire all of the shares of Melior Motion GmbH. The acquisition of this supplier of precision gearboxes for robotics and other applications in automation expands the robotics portfolio of the Schaeffler Group's Industrial division. As automation of both simple, repetitive tasks as well as complex mounting and manufacturing processes is progressing rapidly, the Industrial division consistently expands its position as a supplier for robotics components and systems. In a first step, the division has brought a Strain-wave gearbox equipped with an electric motor and sensors for use in collaborative robots (cobots) to the point of volume production. In a second step, it is now adding more powerful gearboxes for higher payload capacities in industrial applications to its portfolio. 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 Dr. Stefan Spindler, Schaeffler's CEO Industrial, states: "In Melior Motion GmbH, we are acquiring a highly innovative company in the robotics field that is on a strong growth course. This acquisition adds to our still young portfolio of robot actuators and considerably expands our position as an innovative supplier in this important business area. As a user of robots ourselves, we will also utilize the special characteristics of this portfolio to increase efficiency at our 75 Schaeffler production sites." 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 As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for 75 years. With innovative technologies, products, and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,900 employees, Schaeffler is one of the world's largest family companies. With more than 1,900 patent applications, Schaeffler was Germany's second most innovative company in 2020 according to the DPMA (German Patent and Trademark Office).   Contacts Dr. Axel Lüdeke Head of Group Communications & Public Affairs Schaeffler AG, Herzogenaurach, Germany phone: [phone] email: [e-mail] Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: [phone] email: [e-mail] Matthias Herms Head of Financial Communications Schaeffler AG, Herzogenaurach, Germany phone: [phone] email: [e-mail] Stefanie Dangl Senior Manager Investor Relations Schaeffler AG, Herzogenaurach, Germany phone: [phone] email: [e-mail] 24.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Schaeffler AG
	Industriestr. 1-3
	91074 Herzogenaurach
	Germany
Phone:	09132 - 82 0
E-mail:	[e-mail]
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

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1272118  24.01.2022