Everstone Capital to back Qlar’s roadmap through continued investment in engineering and innovation
Everstone Capital (“Everstone”), a Singapore-headquartered investment firm and the private equity arm of Everstone Group, has completed the acquisition of Qlar Group (“Qlar”), formerly Schenck Process, from Blackstone. Financial terms of the transaction were not disclosed.
Qlar is a leading global provider of material handling and processing equipment for industrial applications. Founded in Germany, the company serves customers in sectors including cement, steel, chemicals and performance materials, rail, mining and food. Under Everstone’s ownership, Qlar will continue to operate under the existing brand and organizational structure, serving customers globally.
Everstone will support Qlar’s long-term development through continued investment in engineering, innovation, and talent. In partnership with the management team, the focus will be on executing on the company’s strategy, strengthening market access and commercial capabilities, and further developing Qlar’s solutions portfolio for more efficient, circular and lower-carbon material processing. This includes building on Qlar’s well-established aftermarket and service business which complements its core equipment portfolio and provides ongoing support to customers across the installed base.
Dr. Jörg Ulrich, CEO of Qlar Group, said: “The partnership with Everstone marks an exciting new chapter for Qlar. We are confident that Everstone’s experience in supporting engineering-led, international businesses will help us execute our strategy and strengthen our purpose of driving sustainable transformation within our industries, while continuing to be a reliable partner to customers worldwide.”
Avnish Mehra, Vice Chairman of Private Equity at Everstone Capital, said: “Qlar is a differentiated industrial technology business with a strong global footprint and deep engineering capabilities. Its German heritage and technical expertise provide a solid foundation for long-term development, complemented by its significant operations in Asia that further support customer access and growth across key markets. We look forward to working closely with the management team to build on these strengths and support the company’s continued evolution.”
Peter Graham, Managing Director of Unison Asia, Advisor to Everstone Capital, added: “Qlar has established a strong position in critical industrial applications, underpinned by deep process expertise and long-standing customer relationships. We see clear potential to build on these strengths together with the management team, broaden commercial opportunities and support continued development across key global markets.”
About Qlar Group
Qlar (formerly Schenck Process) is a global provider of sustainable products, integrated solutions, and services in mission-critical applications for bulk materials. Based in Darmstadt, Germany, the group has more than 1,100 employees with a presence in over 13 countries, serving customers in chemicals and performance materials, infrastructure, energy and alternative fuels. The group operates production sites across India, China, Germany, the UK and the Czech Republic.
Qlar’s portfolio includes solutions for industrial weighing, feeding, conveying, milling and grinding, and related digital applications of the CONiQ product family. The company’s global testing infrastructure includes four test centres and six centres of competence, leveraging know-how from more than 40,000 bulk materials to support solution selection and optimisation.
Guided by its motto “driving circular transformation,” Qlar supports customers in improving efficiency and advancing their decarbonisation roadmaps toward 2050 targets.
For more information, please visit www.qlar.com.
About Everstone Capital
Everstone Capital is the private equity arm of the Everstone Group, a Singapore-headquartered investment firm. We focus on control-oriented, mid-market investments across high-growth sectors including Technology, Healthcare & Pharma, Consumer, Financial Services, and Industrials. Our platform-building approach combines operational expertise with strategic capital to unlock sustainable value and drive long-term growth. With a team of ~100 experienced professionals, we bring deep domain knowledge, local insight, and an on-ground execution edge to every partnership. Our active ownership model and disciplined execution enable us to scale businesses, accelerate transformation, and consistently deliver strong risk-adjusted returns for our investors.
For more information, visit www.everstonecapital.com and LinkedIn.
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Download press image: Dr. Jörg Ulrich, CEO Qlar Group
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