News & Press releases

11/02/2021

Walterscheid Powertrain Group acquires IFA-Kardan GmbH

■ IFA-Kardan GmbH has a new owner

■ IFA Group focuses on drivetrains for cars

 

We are pleased to announce that the takeover of IFA-Kardan GmbH by Walterscheid Powertrain Group (WPG) has been completed. With the acquisition of IFA-Kardan GmbH, located in Irxleben, Germany, Walterscheid Powertrain Group (WPG) expands their drive shaft portfolio and increases the focus on the main and secondary drives for small & medium sized agricultural and construction vehicles. IFA Group is thus focusing on expanding the existing propeller and sideshaft portfolio with a focus on sustainable projects in the automotive sector, especially in e-mobility.

 

"We as IFA Group are pleased to have found a strong buyer who will integrate IFA-Kardan GmbH into its product portfolio and further expand the business in Irxleben," said Dr. Arno Haselhorst, CEO, IFA Group.

 

IFA Kardan is a well-established company with a proven track record, that develops a diversified range of prop shafts and different types of joints for the Agriculture, Construction and Special Vehicle markets since 1959. By offering flexible solutions for small and high series for challenging applications, the company is one of the top 10 suppliers for off-road applications in Europe.

 

 

Walterscheid Powertrain Group (WPG) is a global provider of smart and connected powertrain solutions as well as complete in-service support for the world´s leading Off-Highway and Industrial equipment manufacturers. The company continuously develops new technologies and customer solutions which deliver efficiency in the Agriculture, Construction, Mining & Utility vehicle as well as Industrial markets. Furthermore, it offers full lifecycle services for all powertrain products and systems.

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