MENU

Schaeffler expands e-mobility footprint through acquisition

Schaeffler expands e-mobility footprint through acquisition

Business news |
By Christoph Hammerschmidt



Compact Dynamics is subsidiary of power electronics component vendor Semikron GmbH and a long-standing development partner of mechatronics company Schaeffler. Among other, Compact Dynamics developed the electric powertrain for the Audi ABT Scheffler Formula E racing stable. By acquiring this majority shareholding and securing an option for the acquisition of the remaining shares mid-2018, Schaeffler says it is obtaining essential expertise for the development and production of its own electric motors for automobile applications. The transaction is scheduled to be completed in Q1, 2017.

By the same token, Schaeffler and Semikron have agreed a cooperation for the development of power electronics systems and the integration of power electronics components. “In conjunction with the team from Compact Dynamics, Schaeffler will use the expertise proven in motor sport and small volume production to expand its capabilities in the volume production of electric drives”, explained Schaeffler AG’s Chief Technology Officer Peter Gutzmer.

Related articles:

Semikron heads for e-mobility

Schaeffler to boost electromobility by Formula E commitment

Ford, Schaeffler demo advanced wheel hub drive

 

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News

Share:

Linked Articles
10s