Deal Announcement 11/25: Automotive

The Deal

The PwC M&A team is pleased to announce the successful sale of 100% of the shares in Winkelmann Automotive Poland sp. z o.o. ("Winkelmann Automotive Poland") by Winkelmann Automotive Holding GmbH ("Winkelmann") to AURELIUS ("AURELIUS"). The transaction was closed on November 28, 2025.

This transaction marks a major strategic milestone for the Winkelmann Group, as the company has decided to exit the automotive sector. The sale of its Polish automotive subsidiary represents a significant step in Winkelmann’s broader transformation and portfolio realignment.

AURELIUS acquired Winkelmann Automotive Poland as additional business in the propulsion-focused automotive sector after its acquisition of MUVIQ, further strengthening its position and expertise in the sector.

Winkelmann Automotive Holding GmbH

Winkelmann Automotive Holding GmbH is part of the Winkelmann Group, headquartered in Ahlen, Germany, is an internationally positioned group of companies for industrial solutions of high-performance and energy-efficient components and systems. Its subsidiary Winkelmann Automotive Holding GmbH is a well-established supplier of high-quality components and systems for the automotive industry, with a long-standing reputation for innovation and reliability. The divestment of its Polish automotive operations is a key part of Winkelmann Group’s decision to withdraw from the automotive market and focus on its core business areas.

AURELIUS

AURELIUS is a global alternative investor, distinguished and widely recognised for its operational approach. It focuses on private markets, in particular Private Equity and Private Debt. Its key investment platforms include AURELIUS Opportunities V, AURELIUS European Opportunities IV, AUR Portfolio III and AURELIUS Growth Investments (Wachstumskapital). AURELIUS has been growing significantly in recent years, especially expanding its global footprint, and today employs more than 400 professionals in 9 offices spanning Europe and North America. 

The acquisition of Winkelmann Automotive Poland as an add-on to its automotive platform MUVIQ underlines AURELIUS’ commitment to expanding its footprint in the automotive sector.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ nearly 365,000 people in 136 countries. Our global network comprises over 2,200 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to Winkelmann Automotive Holding GmbH on this transaction. The transaction was executed by a PwC deal team led by Martin Schwarzer (Partner) and Thomas Klapsia (Senior Manager) and supported by Siqi Gao (Senior Associate).