Everstone Capital acquires Qlar Group from Blackstone
Everstone Capital has completed the acquisition of Qlar Group, formerly Schenck Process, from Blackstone as the investment firm expands its presence in industrial technology and material processing markets. Financial terms of the transaction were not disclosed.
Qlar Group is a Germany-founded provider of material handling and processing equipment serving industries including cement, steel, chemicals, performance materials, rail, mining, and food production. The company will continue operating under its existing brand and organizational structure following the acquisition.
According to Everstone Capital, the company plans to support Qlar’s long-term growth through continued investment in engineering, innovation, and talent development. The firms will focus on strengthening market access, expanding commercial capabilities, and developing solutions for more efficient, circular, and lower-carbon material processing applications.
The strategy also includes expanding Qlar’s aftermarket and service operations, which support customers across the company’s installed equipment base worldwide.
Dr. Jörg Ulrich, CEO of Qlar Group, said the partnership with Everstone represents a new phase for the business and supports the company’s strategy to advance sustainable transformation across its industries while maintaining customer support globally.
Avnish Mehra, Vice Chairman of Private Equity at Everstone Capital, said Qlar’s engineering capabilities, global footprint, and operations in Asia position the company for continued development and customer growth across key industrial markets.
Peter Graham, Managing Director of Unison Asia and advisor to Everstone Capital, said Qlar’s process expertise and established customer relationships create opportunities to expand commercial operations and support growth in global industrial markets.