Catensys: Carve-out of Schaeffler´s global chain drive business successfully completed
The closing of the transaction on July 1, 2022 marks the successful carve-out of the chain drive business from former owner Schaeffler. The business unit consisting of 9 sites and 560 employees, is now operating under the branding Catensys.
Dr. Markus Ottmüller (CEO), Axel von Bauer (CFO) and their experienced team, will lead the group on its path to becoming a leading independent partner for OEMs in the development and production of best-in-class chain solutions from the new head offices in Erlangen, Germany.
The newly launched website can be viewed here:
We look forward to the collaboration with the Catensys team and are proud to welcome them into the LEO II portfolio.
About Catensys
Chain drives systems are installed as part of the drive system in the internal combustion engines of passenger cars and other vehicles such as motorcycles as well as modern and environmentally friendly hybrid drives.
In addition to drive chains, the systems include tensioning systems, sprockets, guide rails and other components. Being an integral part of a drivetrain, the chain drive systems ensure smooth running and reduced fuel consumption along the entire life cycle of a vehicle.
Commercial activities in chain drive systems have been expanding within the Schaeffler Group since 1986 and today, with around 560 employees, Catensys ranks among the leading global suppliers.
Research and development as well as production take place at nine different locations in Europe, Asia and North and South America. In recent years, Schaeffler has strengthened the business unit through targeted efficiency improvements, for example by optimizing the global footprint of its plants and through investments. Building on this, Catensys aims at further expanding its market position as the world’s leading system supplier and partner for OEMs for high-quality drive chains in international competition.
Modern and environmentally friendly hybrid drives will play an important role in individual mobility as well as in the achievement of ambitious climate goals
