Weitnauer advises IFA Group on sale of IFA-Kardan GmbH to Walterscheid Powertrain Group

Haldensleben – Automotive supplier IFA Group announces the acquisition of IFA-Kardan GmbH by Walterscheid Powertrain Group (WPG). With the acquisition of IFA-Kardan GmbH in Irxleben, WPG is expanding its cardan shaft portfolio and will in particular strengthen its focus on services for small and medium-sized agricultural and construction machinery. The IFA Group is focusing on the expansion of its existing driveshaft portfolio with an emphasis on future-proof projects in the automotive sector, particularly in e-mobility.


The buyer WPG will integrate IFA-Kardan GmbH into its product portfolio and further expand the business in Irxleben.


IFA-Kardan GmbH is an established company with a track record of success, developing a wide range of cardan shafts and various types of joints for the agricultural, construction and special vehicle markets since 1959. Offering flexible solutions for small and large series for demanding applications, the company is one of the top 10 suppliers for off-road applications in Europe.


WPG is a global provider of intelligent and connected powertrain solutions and comprehensive service support to the world's leading off-highway and industrial equipment manufacturers. The company continuously develops new technologies and customer solutions that deliver greater efficiency in the agriculture, construction, mining and commercial vehicle, and industrial markets. In addition, WPG offers various services for all products and drive systems throughout the entire life cycle.


Weitnauer attorney Dr. Alice Niemann-Fritsch provided comprehensive legal advice to the IFA Group in connection with the sale. Dr. Alice Niemann-Fritsch advises national and international clients in the areas of private equity and venture capital, mergers & acquisitions, corporate law, compliance and tax law.


About IFA Group:

The IFA Group is an automotive supplier with eight development and production sites worldwide. With sales of half a billion euros, IFA is one of the top 50 companies in the German supplier industry. At its sites in Haldensleben, Stuttgart, Ujazd (Poland), Charleston/South Carolina (USA), Novi/Michigan (USA) and Shanghai (China), IFA employs 2,600 people and develops and produces drive shafts, joints and components for well-known automotive manufacturers. Customers include BMW, Ferrari, Ford, GM, Mercedes, Porsche and Volkswagen. In addition, the company provides development services in the areas of driveline technology and lightweight construction on behalf of the industry. Forward-looking research and sustainable development are among the success factors. IFA was privatized in 1992 by the entrepreneur Heinrich von Nathusius.