Is Flender a Siemens company?
Is Flender a Siemens company?
Back in October, Siemens and The Carlyle Group announced the agreement to sell Flender to Carlyle. This transaction has now been officially completed. With the so-called “Change of Control”, Flender is no longer part of Siemens AG and Carlyle has become our new owner, with immediate effect.
What is a Flender?
Flender is a Siemens-owned company based in Bocholt, Germany, that builds transmissions for industrial gear applications. Some of these end uses include quarrying, paper making, cranes, cement, rolling mills, and marine. Flender issues their own set of requirements for gear oils used in their Flender gear units.
What is a Flender gearbox?
Turbo gearboxes from Unique and reliable: the Flender works in Illkirch-Graffenstaden develops and produces high-precision turbo gearboxes. Our gearboxes are capable of transmitting the power of an ocean liner with the precision of clockwork. We produce tooth modules that fulfill our customers’ specific requirements.
Who bought Flender?
The Carlyle Group
Munich, Germany, 29 October 2020 – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire Flender GmbH, a market leader in mechanical and electrical drive technology, from Siemens AG for €2 billion.
Who purchased Flender?
Carlyle Group
ZURICH (Reuters) – Siemens has completed the sale of its Flender mechanical and electrical drive systems business to Carlyle Group for an enterprise value of 2.025 billion euros ($2.41 billion), the German engineering company said on Wednesday.
When did Siemens buy Flender?
Munich, Germany, 29 October 2020 – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire Flender GmbH, a market leader in mechanical and electrical drive technology, from Siemens AG for €2 billion. Further details of the transaction were not disclosed.
Who is in The Carlyle Group?
The Carlyle Group
| Type | Public company |
|---|---|
| Key people | Daniel A. D’Aniello (Chairman Emeritus) William E. Conway Jr. (Co-executive Chairperson) David M. Rubenstein (Co-executive Chairperson) Kewsong Lee (CEO) |
| Products | Leveraged buyouts Growth capital Energy Energy lending Structured credit Real estate |
| Revenue | US$8.78 billion (2021) |
Why did Siemens sell Flender?
As previously announced, the sale of Flender results in a disposal gain of a euro amount in the mid-triple-digit millions for Siemens AG. “The sale of Flender is another step in executing our strategy for enabling Siemens to become a focused technology company,” said Ralf P.
Who owns Carlyle?
How did billionaire David Rubenstein make his money?
Key Takeaways. David Rubenstein started at a law firm and then later worked in politics. Rubenstein also started private equity firm The Carlyle Group. His first buyout raised $100 million from investors.
How much is David Rubenstein worth?
3.6 billion USD (2022)David Rubenstein / Net worth
How old is David Rubenstein?
72 years (August 11, 1949)David Rubenstein / Age
