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Everstone Capital has acquired Qlar Group, formerly known as Schenck Process, for an undisclosed amount. This transaction signifies a strategic expansion for Everstone Capital into the industrial technology and sustainability sector.
Qlar Group operates with the vision "The future is cirQlar," focusing on digital and sustainable solutions designed to help companies achieve a climate-neutral future. Leveraging over 140 years of experience and the strong legacy of the Schenck Process brand, Qlar develops innovative solutions and sustainable process technologies. Its offerings cater to a wide range of industries, including cement, steel, chemicals, performance materials, infrastructure, energy, and transport, supporting their journey towards climate-neutral material transformation.
The acquisition by Everstone Capital underscores a clear strategic intent to invest in companies at the forefront of industrial sustainability and environmental innovation. Qlar Group's established market presence and its commitment to developing advanced process technologies for climate neutrality align with the growing global demand for sustainable industrial practices. This move is expected to provide Qlar Group with enhanced financial backing and strategic guidance to accelerate its research and development efforts and expand its market footprint.
The combined entity is poised to further advance the development and deployment of sustainable process technologies. This acquisition aims to strengthen Qlar Group's capacity to deliver innovative solutions, supporting industries worldwide in their critical transition towards achieving climate-neutral operations and fostering a more sustainable industrial future.