The terms of the transaction were not disclosed. The transaction is subject to the usual regulatory approvals. The completion of the transaction is expected in the fourth quarter of 2026.
Flender, headquartered in Bocholt, Germany, has a tradition of over 125 years in mechanical engineering. The company is a leading provider of gears, couplings, and generators for a wide range of industrial and wind power applications. With more than 8,000 employees in 34 countries, Flender maintains a global network for manufacturing, assembly, and service, and holds a leading position in drive technology for wind turbines. Through its differentiated technology, technical expertise, and global presence, Flender supports customers in the industrial and renewable energy markets worldwide.
Since Flender's spin-off from the Siemens Group in 2021, Carlyle has closely collaborated with management to drive the successful transition of the company into an independent entity. During this time, Flender has further strengthened its leadership position in wind and industrial drive technology, expanded its global service network, and strategically invested in innovations and operational capabilities. Additionally, the company has expanded its international presence and manufacturing platform.
Triton Partners has extensive experience in implementing its proven, deep value creation approach in companies in the industrial sector. This is supported by the Accelerator Unit, one of the largest value enhancement teams in the industry in Europe. Triton Partners is well acquainted with the wind and broader energy value chain as well as the markets for industrial drive technology through current and previous investments, including the RENK Group, the Trench Group, and FairWind.
Andreas Evertz, CEO of Flender, said: “I would like to express my sincere gratitude to Carlyle for the trust and support they have provided in further strengthening Flender's position as a market leader. I am also pleased to have Triton as a strong partner by our side again, with whom we can continue to drive our growth objectives. The high level of commitment throughout the entire process, combined with Triton's strong network and extensive experience, gives me great confidence that this is the right next step for Flender.”
Willi Westenberger, Managing Director in the Investment Advisory Team of Carlyle Europe Partners, and Janine Feng, Vice Chair of Carlyle Asia, said: “When we originally spun off Flender, we saw the opportunity to accompany a market-leading company on its path to becoming a successful independent entity. This investment is a strong example of collaboration across Carlyle's global platform. Our teams in Europe and Asia have worked closely together to support management in driving Flender's growth. During our partnership, the company has expanded its international presence, including in China and India, repositioned itself as a service champion, and strengthened its leadership position in wind and industrial drive technology. We thank Andreas Evertz, the management team of Flender, and all employees for their trustful collaboration and are convinced that Flender is excellently positioned for further growth and sustainable success.”
Claus von Hermann, Fund Managing Partner & Co-Head of Triton Mid-Market, and Jaime Legeren, Investment Advisory Professional at Triton Partners, said: “Flender is at the center of our investment strategy. The company operates in an industry where Triton has deep expertise and a successful history with similar industrial and aftermarket companies. We look forward to collaborating with management and employees and supporting Flender in the next phase of its growth development.”
Contact:
