Flender is independent again
It is the beginning of a new chapter in Flender’s history. Back in October, Siemens and The Carlyle Group announced the agreement to sell Flender to Carlyle. This transaction has now been officially completed. With the so-called “Change of Control”, Flender is no longer part of Siemens AG and Carlyle has become our new owner, with immediate effect.
More flexibility to act
As explained in October when the sale was first announced, this change of ownership is excellent news for all of us. It is providing Flender with exceptional prospects and promising even greater flexibility in the future. This step allows us to pursue the successful path we started on in 2017 with greater entrepreneurial independence under the wing of a new, capable, and financially strong owner. It provides a sound base for Flender to grow continuously, in an accelerating, yet sustainable manner. We still are in the middle of a global pandemic with major economic challenges that face all of us. However, there are also great opportunities lying ahead, which we are now in a position to seize as a fully independent company.