Gasgoo Munich- BASF announced on the evening of July 1 that its coatings transaction with global investment firm Carlyle—originally revealed on October 10, 2025—has secured all necessary regulatory approvals and officially closed on June 30, 2026. This marks the successful spin-off of Surventis, formerly BASF's coatings division, which now begins operations as a standalone company.
With annual sales of 3.9 billion euros and a global workforce of roughly 10,700, Surventis ranks among the leading suppliers of automotive coatings and surface treatment solutions. The company is majority-owned by funds managed by global investment firm Carlyle (Nasdaq: CG) in partnership with the Qatar Investment Authority (QIA), while BASF retains a 40% stake.
Coinciding with its independence, Surventis has officially unveiled its new corporate brand. The identity is rooted in scientific excellence and a drive for continuous innovation, reflecting the ambition of a newly independent entity. It aims to steer industry development through technological leadership and close collaboration with partners.
Image Source: Surventis
Operating under its new name and brand, Surventis will continue developing, manufacturing, and selling coatings and surface treatment solutions for industrial, automotive, and refinish customers worldwide. Its portfolio features well-known brands such as Chemetall®, Glasurit®, and R-M®, delivering high-performance and sustainable solutions. Surventis will maintain the trusted products, technologies, brands, and technical support teams that its clients rely on. The product portfolios across its three business segments remain unchanged, ensuring continuity in reliability, quality, and service.
As an independent entity, Surventis is positioned to make operational decisions with greater speed, agility, and focus. Carlyle, leveraging its extensive experience in spinning off industrial companies, plans to support Surventis's global expansion and local operations through targeted investments. Surventis's strategy will center on entrepreneurship, performance, and growth—helping customers succeed in a market defined by rising demands and rapid change.
Surventis will be led by an Executive Committee headed by Chief Executive Officer Jens Luehring. Key members include Chief Financial Officer Michael Pontzen, Chief Transformation Officer Ewout van Jarwaarde, and Executive Vice President of Production Operations (Automotive/Refinish) Nils Lessmann. The committee also includes the heads of the three business units: Frank Naber, Executive Vice President of Surface Treatment; Patrick Zhao, Executive Vice President of Automotive Coatings; and Steve Arndt, Executive Vice President of Refinish Coatings.
