The addition of Gehring Unternehmungen to the Nagel Group expands the range of products and services offered by the two technology companies to include innovative technologies and promising business fields. In response to market developments in the largest segment of automotive powertrain technology, the two companies are offering new solutions in the field of emission reduction and alternative powertrains. In addition to further developments in honing technology, the technology partnership with the automotive industry was strengthened through 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 permanently strong supplier for the automotive industry and other sectors.
Bernd Nagel, Partner of the Nagel Gruppe: “We are proud to welcome Gehring as a new company member that expands our service 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 for the highest level of competence worldwide in precision machining and in the development and implementation of innovative production technology. The merger creates a solid basis for Gehring’s further development.”
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 found a company with excellent employees and a technologically high-quality portfolio that can now offer its expertise on the world market again under stable conditions.”
The process was accompanied by Clairfield International, an international M&A consultancy specializing in medium-sized corporate 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 electric powertrains. In the field of precision machining, the company has been shaping the development of honing technology for over 90 years and provides the automotive industry with answers to the current challenges surrounding the combustion engine with its laser roughening, coating and honing processes. The production technology for e-mobility expands the Group’s portfolio and sets new standards in the flexible series production of electric motors.
About the Nagel Group
The Nagel Group, headquartered in Nürtingen, Germany, develops and produces machines and tools for honing, superfinishing, deep drilling and deburring technologies. In addition, the development of complete machining concepts and large service areas are part of the Group’s portfolio. Nagel has a global sales network and is present on four continents with plants in Germany, the UK, Brazil, the USA and India. Nagel employs around 1,350 people worldwide.
About anchor
Anchor is a hybrid of law firm and management consulting firm. Throughout Germany, the firm is one of the largest restructuring units with 13 offices and over 130 employees in the areas of insolvency and restructuring. Anchor has assisted and reorganized numerous major companies in bankruptcy. Anchor’s attorneys are regularly proposed and appointed as insolvency administrators, administrators of assets or as reorganization directors in insolvency, self-administration and protective shield proceedings. In consulting mandates, anchor combines legal expertise with business know-how.
About Clairfield International
Clairfield International is one of the world’s leading M&A consultancies specializing in mid-market corporate transactions. This year, the firm has already successfully sold dental distributor Pluradent and the locomotive division of Vossloh, among others. In addition to numerous projects in the mechanical engineering segment, Clairfield serves the automotive, commercial vehicles, agricultural technology, construction and building materials segments in the industrial sector.
Press contact
Joachim Jäckl
Gehringstraße 28
73760 Ostfildern
