AQ Group acquires Schaffner’s Power Magnetic Division
AQ Group AB has signed an agreement with the Swiss company Schaffner Group to acquire its Power Magnetics Division. The purchase price is CHF 22.4 million on a debt free cash free basis (enterprise value).Closing is expected at the end of the second quarter of 2021. Schaffner’s Power Magnetics Division is a leading supplier in design and manufacturing of specialized power electronics components, such as reactors, transformers, and filters in the medium to high power range. Its customers include leading players in the fields of railway, industrial and