New Transaction Carlyle Sells Flender to Triton Partners

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Global investment firm Carlyle will sell Flender, one of the world's leading suppliers of mechanical drive technology, to Triton Fund 6, advised by Triton. The transaction is expected to close in the fourth quarter of 2026.

Since Flender's carve-out from Siemens in 2021, Carlyle has worked closely with management to drive the company's successful transition to a standalone, independent business. During this time, Flender has further strengthened its leadership position in wind and industrial drive technology, expanded its global service network and made targeted investments in innovation and operational capabilities. In addition, the company has expanded its international presence and manufacturing platform.

The new buyer, Triton Partners, has many years of experience in implementing its in-depth value creation approach in companies in the industrial sector. It is supported by the Accelerator Unit, one of the largest value creation teams in the industry in Europe. Triton Partners is familiar with the wind and broader energy value chain and industrial power transmission markets through current and previous investments, including Renk Group, Trench Group and Fairwind.

The Course is Set for Growth And Success

Andreas Evertz, CEO of Flender, said: "I would like to express my sincere thanks to Carlyle for the trust and support they have shown in helping to further strengthen Flender's position as market leader. I am also pleased to once again have a strong partner in Triton to further drive our growth objectives. The high level of commitment throughout the 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 at Carlyle Europe Partners and Janine Feng, Vice Chair of Carlyle Asia, said: "When we originally spun out Flender, we saw an opportunity to support a market-leading company on its journey to becoming a successful standalone business. 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 footprint, repositioned itself as a service champion and strengthened its leadership position in wind and industrial drive technology. We would like to thank Andreas Evertz, the Flender management team and all employees for the trustful cooperation and are convinced that Flender is excellently positioned for further growth and sustainable success."

Triton Can Continue to Support Flender With Its Expertise

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 working with the management and employees and supporting Flender in the next phase of its growth."

Flender, headquartered in Bocholt, can look back on over 125 years of tradition in mechanical engineering. The company is a leading supplier of gearboxes, 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 occupies a leading position in drive technology for wind turbines.