Diehl Defence has acquired the Allweier Corporation to diversify its offerings and retain jobs, continuing the operations under a new name effective January 1, 2024.

Information on the Target

The Allweier Corporation is a well-established manufacturer specializing in precision machinery and drive technology, with a workforce of 160 employees based in Überlingen, Germany. The company operates multiple entities that cater to major clients in diverse sectors, including automotive, commercial vehicles, powertrains, and defense.

In recent years, Allweier encountered significant financial challenges, exacerbated by the economic downturn and the impacts of the COVID-19 pandemic, leading to a critical juncture in its operational viability.

Industry Overview in Germany

Germany is recognized as a global leader in the engineering and manufacturing sectors, particularly in precision machinery and automotive technology.