Lenze sells "Mobile Drives" business segment in Switzerland

Focus on core business and separation from mobile drive technology

As part of its strategic focus, automation expert Lenze SE is selling the Mobile Drives business segment of its Swiss subsidiary Lenze Schmidhauser. The Mobile Drives business segment develops and sells components for the electrification of auxiliary units in commercial vehicles. The buyer is Bucher Hydraulics, one of the leading manufacturers of hydraulic solutions for mobile working applications. The transaction will be completed after the successful separation of the Mobile Drives business segment from the Lenze Group. Until then, Schmidhauser will continue the business unchanged.

Lenze thereby follows its strategy of focusing on core activities in the field of factory automation. Christian Wendler, CEO Lenze SE, comments: "We are pleased to have created additional scope for further strategic measures to strengthen our core business with this sale. Furthermore we are pleased to have found a buyer in Bucher who, in addition to taking over all employees and remaining at the Romanshorn site, will continue and further develop the business in the commercial vehicle sector with commitment."