Nagel and Gehring combine their know-how in honing technology

With the incorporation of the Gehring companies into the Nagel Group, the product range of the two technology companies will be expanded to include innovative technologies and promising business areas. In response to market developments in the largest segment of automotive drive technology, the two companies offer new solutions in the field of emission reduction and alternative drive systems. In addition to further developments in honing technology, the technology partnership with the automotive industry has been strengthened by new laser processes, digitization solutions and production systems for e-mobility. Under the umbrella of the family-run Nagel Group, their long-term sustainable development is to be continued together as a strong long-term supplier to the automotive industry and other industries.

Bernd Nagel, shareholder of the Nagel Group: "We are proud to welcome Gehring as a new member of our family, which expands our solution portfolio for changing markets. Together we want to help shape the future development of the global manufacturing industry".

Dr. Sebastian Schöning, CEO of the Gehring Group: "The Gehring and Nagel brands stand worldwide for the highest level of competence in precision machining and in the development and implementation of innovative production technology. The merger creates a solid basis for the further development of Gehring".

Tobias Wahl, insolvency administrator at Gehring: "Thanks to the good and constructive cooperation of all parties involved, we succeeded in finding a sustainable solution in a very short time. In Gehring we have found a company with excellent employees and a high-tech portfolio, which can now offer its expertise on the world market under stable conditions again".

The process was accompanied by Clairfield International, an international M&A consultancy specializing in medium-sized company transactions. The parties have agreed not to disclose details of the transaction.

About the Gehring Group

The Gehring Group offers innovative production solutions for highly efficient conventional and electrified drive trains. In the field of fine machining, the company has been shaping the development of honing technology for over 90 years and provides the automotive industry with laser roughening, coating and honing processes that provide answers to the current challenges facing combustion engines. The production technology for e-mobility expands the Group's portfolio and sets new standards in the flexible series production of electric motors for battery electric, hybrid and fuel cell vehicles.

www.gehring-group.com

About anchor

Anchor is a hybrid of law firm and management consultancy. With 13 offices and more than 130 employees, the law firm is one of the largest restructuring units in Germany in the areas of insolvency and restructuring. Anchor has assisted and restructured numerous larger companies in insolvency. Anchor's lawyers are regularly proposed and appointed as insolvency administrators, trustees or restructuring managers in insolvency, self-administration and protective shield proceedings. In consulting mandates, anchor combines legal competence with business management know-how.

www.anchor.eu

About Clairfield International

Clairfield International is one of the world's leading M&A consultancies specializing in the mid-market segment and has already successfully sold, among others, the dental trader Pluradent and Vossloh's locomotive division this year. In addition to numerous projects in the mechanical engineering segment, Clairfield also advises the automotive, commercial vehicle, agricultural engineering, construction and building materials segments in the industrial sector.

www.clairfield.com

Press contact
Joachim Jäckl
Gehrinstrasse 28
73760 Ostfildern/Germany
Phone: +40 711/3405 - 311
Mail: joachim.jaeckl@gehring-group.com