Acquisition Neapco Acquires Automotive Supplier IFA

From Victoria Sonnenberg | Translated by AI 1 min Reading Time

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Aequita has sold the drive shaft and joint manufacturer IFA to Neapco, a global leader in drive solutions. The acquisition creates the world's number three in the drive systems sector.

The automotive supplier IFA from Haldensleben (Saxony-Anhalt) is being acquired by the internationally operating US company Neapco.(Image: IFA)
The automotive supplier IFA from Haldensleben (Saxony-Anhalt) is being acquired by the internationally operating US company Neapco.
(Image: IFA)

Ken Hopkins, President and CEO of Neapco, says: "We look forward to working with the drive specialists of the traditional IFA brand. Together, we will use our expertise, innovative strength, and global presence to further expand our market position and shape a successful future for all of us. Above all, we will be able to serve our customers worldwide even better with the outstanding designs, quality, delivery performance, and service they expect from Neapco. We warmly welcome all employees of the IFA Group to our team."

Through integration into the Neapco Group, IFA has the best chances for long-term successful development in an extremely volatile and competitive environment.

IFA Managing Director Jan-C. Maser

"That we have gained such a strong and respected owner in Neapco is the best proof that the work of the past years has paid off," said his managing director colleague Stefan Bultmann.

Acquisition As the Result of A Successful Transformation

The Munich-based (Germany) industrial group Aequita acquired IFA in mid-2022. Over the following three years, the traditional specialist in the development and production of drive shafts, side shafts, and joints with manufacturing sites in Germany, Poland, the USA, and China underwent a comprehensive restructuring. Key aspects of the transformation program included the introduction of innovative manufacturing technologies and product designs in the side shaft sector and a comprehensive modernization and restructuring of all production sites in Asia, Europe, and North America.

Through technological and organizational advancement, IFA's global competitiveness has significantly improved.

Robert Roiger, Partner at Aequita and IFA Advisory Board member

During this time, the company secured its first major contract in the field of electromobility and acquired new customers with strong potential. "We are proud that we were able to implement this sometimes challenging path so successfully under the current difficult conditions," says Christoph Himmel, Managing Partner of Aequita.

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