Everstone Capital Completes Acquisition of Qlar Group from Blackstone

Everstone Capital, the private equity arm of Everstone Group, announced the completion of its acquisition of Qlar Group from Blackstone.

Formerly known as Schenck Process, Qlar is a Germany-founded company specializing in material handling and processing equipment for industrial applications. The company serves customers across sectors including cement, steel, chemicals and performance materials, rail, mining, and food industries.

Following the acquisition, Qlar will continue operating under its current brand name and organizational structure while maintaining its global customer operations.

Everstone stated that it plans to support Qlar’s long-term growth through continued investment in engineering capabilities, innovation initiatives, and workforce development. The company will work with Qlar’s management team to advance its strategy, expand commercial capabilities, strengthen market access, and further develop solutions focused on efficient, circular, and lower-carbon material processing.

The company also noted that Qlar’s aftermarket and service operations will continue to complement its equipment business while supporting customers across its installed base.

Dr. Jörg Ulrich, CEO of Qlar Group

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.”