Schaeffler Group
Schaeffler Group logo including the LuK, INA and FAG brands
|
|
| Aktiengesellschaft | |
| Traded as | : SHA |
| Industry | Automotive, Aerospace, Industrial |
| Founders | Dr. Wilhelm Schaeffler Dr.-Ing. E. h. Georg Schaeffler |
| Headquarters | Herzogenaurach, Germany |
|
Area served
|
Worldwide |
|
Key people
|
Klaus Rosenfeld, (CEO) |
| Revenue |  €13.2 billion (2015) |
|
Number of employees
|
85,000 (2015) |
| Website | www |
Schaeffler Technologies AG & Co. KG (also known as Schaeffler Group respectively Schaeffler Gruppe in German) is a manufacturer of rolling element bearings for automotive, aerospace and industrial uses before October 9, 2015 IPO in Germany. It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler. In August 2008 the firm agreed to a staggered €12 billion acquisition of larger rival Continental AG, whereby Schaeffler would defer taking a majority stake until at least 2012. However, in 2011 Schaeffler sold off €1.8 billion shares of Continental, reducing its stake from 75.1% to 60.3%. Currently, the company owns 46% of Continental shares. Schaeffler Group also owns the brands INA, FAG and LuK.
In Germany, the main brands of the Schaeffler Group – INA, FAG and LuK – are marketed by Schaeffler Technologies AG & Co. KG and LuK GmbH & Co. oHG.
...
Wikipedia