Everstone Capital has acquired Qlar Group from Blackstone.

Founded in Germany, Qlar is a global provider of material handling and processing equipment for the cement, steel, chemicals, performance materials, rail, mining and food sectors. Qlar will continue to operate its existing brand and organisational structure, under Everstone’s ownership.

Everstone will support Qlar’s long-term development through continued investment in engineering, innovation, and talent. In partnership with the management team, the focus will be on executing on the company’s strategy, strengthening market access and commercial capabilities, and further developing Qlar’s solutions portfolio for more efficient, circular and lower-carbon material processing. This includes building on Qlar’s well-established aftermarket and service business, which complements its core equipment portfolio and provides ongoing support to customers.

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.”

Picture: Schenck Process Holding GmbH

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.”