Everstone Capital acquires Qlar Group from Blackstone
Everstone Capital (“Everstone”), a Singapore-headquartered investment firm and the private equity arm of Everstone Group, has completed the acquisition of Qlar Group (“Qlar”), formerly Schenck Process, from Blackstone.
Qlar is a leading global provider of material handling and processing equipment for industrial applications. Founded in Germany, the company serves customers in sectors including cement, steel, chemicals and performance materials, rail, mining and food. Under Everstone’s ownership, Qlar will continue to operate under the existing brand and organizational structure, serving customers globally. Financial terms of the transaction were not disclosed.
Everstone will support Qlar’s long-term development through continued investment in engineering, innovation, and talent. In partnership with the management team, the focus will be on executing on the company’s strategy, strengthening market access and commercial capabilities, and further developing Qlar’s solutions portfolio for more efficient, circular and lower-carbon material processing. This includes building on Qlar’s well-established aftermarket and service business which complements its core equipment portfolio and provides ongoing support to customers across the installed base.
Dr. Jörg Ulrich, CEO of Qlar Group, said: “The partnership with Everstone marks an exciting new chapter for Qlar. We are confident that Everstone’s experience in supporting engineering-led, international businesses will help us execute our strategy and strengthen our purpose of driving sustainable transformation within our industries, while continuing to be a reliable partner to customers worldwide.”
Avnish Mehra, Vice Chairman of Private Equity at Everstone Capital, said: “Qlar is a differentiated industrial technology business with a strong global footprint and deep engineering capabilities. Its German heritage and technical expertise provide a solid foundation for long-term development, complemented by its significant operations in Asia that further support customer access and growth across key markets. We look forward to working closely with the management team to build on these strengths and support the company’s continued evolution.”
Peter Graham, Managing Director of Unison Asia, Advisor to Everstone Capital, added: “Qlar has established a strong position in critical industrial applications, underpinned by deep process expertise and long-standing customer relationships. We see clear potential to build on these strengths together with the management team, broaden commercial opportunities and support continued development across key global markets.”
