Schaeffler acquires electric motor manufacturer Compact Dynamics GmbH

The automotive and industrial supplier Schaeffler has today concluded a purchase contract with SEMIKRON International GmbH for the acquisition of 51% of the shares of Compact Dynamics GmbH, a manufacturer of high-performance electric motors. At the same time, Schaeffler and SEMIKRON have agreed a cooperation for the development of power electronics systems and the integration of power electronics components. With this acquisition and cooperation, Schaeffler is expanding its expertise in electric motors and power electronics for the development and production of electric drives.

Compact Dynamics GmbH based in Starnberg (Germany) is a development specialist in the field of innovative, electric drive concepts with a focus on high-performance drives and integrated lightweight construction in small volume production and motor sport applications. Schaeffler and Compact Dynamics have been working together with a great deal of success for many years, among other things, on the development of the electric drive for the Audi ABT Schaeffler Team in the FIA Formula E electric racing series. By acquiring this majority shareholding and securing an option for the acquisition of the remaining shares mid-2018, the Schaeffler Group is obtaining essential expertise for the development and production of its own electric motors for automobile applications. The transaction is envisaged to be completed in the first quarter of 2017 and the parties are bound to secrecy about the details.

SEMIKRON International GmbH is a world market leader for innovative power electronics. The aim of the cooperation model with SEMIKRON is to jointly develop power electronics systems for automotive applications. Both contract partners want to cooperate on the development of electric drives for automobile applications. Schaeffler intends to integrate SEMIKRON’s power electronics into future, alternative drive concepts. Both partners want to work together in the early development phase of volume production solutions for high quantities.

Further information is available at:
https://www.semikron.com
http://www.schaeffler.com

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