Divestiture • Electrical Equipment

AQ Group Acquires Schaffner - Power Magnetic Division

On April 15, 2021, AQ Group acquired electrical equipment company Schaffner - Power Magnetic Division from Schaffner Holding AG for 22M CHF

Acquisition Context
  • This is AQ Group’s 1st transaction in the Electrical Equipment sector.
  • This is AQ Group’s largest (disclosed) transaction.
  • This is AQ Group’s 1st transaction in Switzerland.

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M&A Deal Summary

Date April 15, 2021
Target Schaffner - Power Magnetic Division
Sector Electrical Equipment
Buyer(s) AQ Group
Sellers(s) Schaffner Holding AG
Deal Type Divestiture
Deal Value 22M CHF

Target Company

Schaffner - Power Magnetic Division

Luterbach, Switzerland
Scaffner’s Power Magnetics Division is a provider in the design and manufacturing of specialized power electronics components, such as reactors, transformers, and filters in the medium to high power range. Its customers include leading players in the fields of railway, industrial and electrification sectors.
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Buyer Overview 1

Buyer

AQ Group

Västerås, Sweden

Category Company
Founded 1994
Sector Electronics
Employees7,733
Revenue 8.6B SEK (2024)
DESCRIPTION

AQ Group is a global manufacturer of components and systems for industrial customers with high demands. The business is organized into two segments: System and component. System includes business areas electric cabinets and system products. The component includes business areas injection molding, inductive components, wiring systems, and sheet metal processing. AQ Group was founded in 1994 and is headquartered in Västerås, Sweden.


Deal Context for Buyer #
Overall 2 of 2
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: Switzerland 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Trafotek Oy

Kaarina, Finland

Trafotek Oy is a supplier in the design and manufacturing of specialized power electronics components, such as reactors, transformers and filters in medium to high power range. Trafotek’s customers include leading players in the fields of power electronics, industrial automation, renewable energy, and marine industry.

Buy €28M

Seller Profile 1

SELLER

Schaffner Holding AG

Luterbach, Switzerland

Category Company
Founded 1962
Sector Electrical Equipment
DESCRIPTION

Schaffner was a global market leader in a growing niche of the electro-magnetic compatible ("EMC") market. It manufactured products which guarantee the reliability of electronic equipment, systems or installations which may be subject to electro-magnetic interference.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: Switzerland 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 Schaffner Jacke

Büren, Germany

Schaffner Jacke GmbH is a privately held company provides and develops power quality technologies.

Buy -