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Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group (Schaeffler-Gruppe in German), is a German manufacturer of rolling element bearings[2] for automotive, aerospace and industrial uses.[3] It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler.[4]
Schaeffler AG
Schaeffler's headquarters in Herzogenaurach, Germany.
The firm is currently majority owned by Maria-Elizabeth Schaeffler-Thumann and her son Georg F. W. Schaeffler through a series of holding companies. These holding companies, controlled by the Schaeffler family, also own controlling interests in Continental AG and Vitesco Technologies.[5]
Schaeffler Group owns the brands INA, FAG, and LuK. In Germany, these main brands are marketed by Schaeffler Technologies AG & Co. KG and LuK GmbH & Co. oHG.
1883: Friedrich Fischer of Schweinfurt designs a machine to allow steel balls to be ground to an absolutely round state for the first time – and in large volumes.[7][8]
1905: On 29 July, the FAG brand is registered with the patent office in Berlin. The registered trademark FAG is an acronym for "Fischer's Automatische Gussstahlkugelfabrik," or "Fischer's Automatic Steel Ball Factory."[9]
1939: Acquisition of Davistan AG, a Jewish founded textiles company.[10]
1946: Brothers Wilhelm and Georg Schaeffler, both holders of Ph.D. degrees, found INA in Herzogenaurach.
1949: The needle roller cage, developed by Georg Schaeffler, makes the needle roller bearing a reliable component for industrial applications.
1965: LuK Lamellen und Kupplungsbau GmbH is founded in Bühl (with INA as one of the investors).
1999: INA takes over LuK GmbH.
2002: Acquisition of FAG Kugelfischer AG, Schweinfurt.
2003: INA, FAG and LuK form the Schaeffler Group.
2008: Schaeffler Group buys the much larger Continental AG (Germany).
2009: President and CEO of the Schaeffler Group, Dr. Jürgen M. Geissinger, was elected president of the World Bearing Association.[11]
2011: Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG & Co. KG
2013: On 4 October, an employee letter said "... Mr. Klaus Rosenfeld will take over as acting CEO in addition to his current responsibilities as Chief Financial Officer".
2013: The third generation of Schaeffler's electric axle, presented in Schaeffler's ACTIVeDRIVE, becomes a pilot production product.
2014: Schaeffler opens its first Russian plant in Ulyanovsk, from which it supplies products to both domestic and overseas automobile manufacturers as well as to the railway industry.
2015: Schaeffler successfully completes its initial public offering on 9 October 2015, under the motto "We share our success".
2016: The strategy "Mobility for tomorrow" is adopted. U.S. and China plants are expanded and a new facility is opened in Chonburi, Thailand, along with a new office in Moscow, Russia.[12]
2018: Schaeffler fitted four electric motors from the ABT Schaeffler FE01 Formula E car to an Audi A3 for testing only.[13]
2023: Schaeffler and Vitesco Technologies Group AG Sign Business Combination Agreement
World War IIedit
During the 2008 merger, the company revealed that in World War II it had exploited thousands of slave labourers in its plants in German-occupied Poland. Around this time the director of the museum now standing at the site of the Auschwitz concentration camp claimed that after the war 1.95 long tons (1,980 kg) of human hair had been found at Schaeffler factories, and had been used in upholstery in its automotive products. The historian at Schaeffler denied this particular allegation.[15]
Schaeffler family ownershipedit
In August 2008, the Schaeffler family agreed to a staggered €12 billion acquisition of larger rival Continental AG, whereby the family would defer taking a majority stake until at least 2012.[16] However, in 2011 the family sold off €1.8 billion worth of shares, reducing its stake from 75.1% to 60.3%.[17] Currently, the family owns 46% of Continental shares. The family also owns 49.94% of Vitesco Technologies.[5]
^ ab"Schaeffler AG and Vitesco Technologies Group AG Sign Business Combination Agreement" (Press release). Herzogenaurach: Schaeffler Group. 27 November 2023.
^"FAG Bearing on Rolls Bearing Limited". Retrieved 28 February 2017.
^"Welcome to the Schaeffler Group". www.schaeffler.com. Retrieved 27 September 2023.
^"Schaeffler Group – Strategy – Overview". Schaeffler Group. 31 January 2017.
^"With pioneering spirit towards the future". Schaeffler Group. 30 June 2016.
^. www.schaeffler.com. Archived from the original on 17 February 2017. Retrieved 16 March 2017.
^(PDF) (in German). Archived from the original (PDF) on 6 March 2009. Retrieved 22 February 2009.
^"Schaeffler KG: Geißinger Takes on Chairmanship of World Bearing Association". Thomas Publishing Company. 26 October 2009.
^"Schaeffler Annual Report 2016" (PDF). Schaeffler Group. 8 March 2017.
^"1180bhp Schaeffler 4ePerformance uses Formula E tech to out-accelerate 488 Pista | Autocar". www.autocar.co.uk. Retrieved 5 November 2018.
^Mike Santora (9 August 2018), "Drive by Wire Technology Acquired by Schaeffler for Autonomous Vehicles", The Robot Report
^Hall, Allan (3 March 2009). "German car company 'used hair from Jews murdered at Auschwitz'". The Telegraph. Retrieved 14 May 2017.
^Mason, Rowena (21 August 2008). "Schaeffler family buys out tyre giant Continental for €12bn". The Daily Telegraph. Retrieved 25 August 2008.[dead link]
^Rahn, Cornelius (28 March 2011). "Schaeffler Sells 1.8 Billion Euros in Continental AG Shares".
April 10, 2024
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Schaeffler redirects here For the surname see Schaeffler surname You can help expand this article with text translated from the corresponding article in German April 2019 Click show for important translation instructions View a machine translated version of the German article Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 9 089 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing German Wikipedia article at de Schaeffler Gruppe see its history for attribution You should also add the template Translated de Schaeffler Gruppe to the talk page For more guidance see Wikipedia Translation Schaeffler Technologies AG amp Co KG also known as Schaeffler Group Schaeffler Gruppe in German is a German manufacturer of rolling element bearings 2 for automotive aerospace and industrial uses 3 It was founded in 1946 by brothers Dr Wilhelm and Dr Ing E h Georg Schaeffler 4 Schaeffler AGSchaeffler s headquarters in Herzogenaurach Germany Company typeAktiengesellschaftTraded asFWB SHAIndustryAutomotive Aerospace IndustrialFoundersWilhelm SchaefflerGeorg SchaefflerHeadquartersHerzogenaurach GermanyArea servedWorldwideKey peopleKlaus Rosenfeld CEO Peter PleusDietmar HeinrichMatthias ZinkMichael SodingAndreas SchickCorinna SchittenhelmUwe WagnerStefan SchindlerRevenue 25 billion 2023 1 Number of employees120 000 2023 1 SubsidiariesContinental AG Vitesco Technologies Barden Corporation XTRONIC GmbH Schaeffler IndiaWebsitewww wbr schaeffler wbr comThe firm is currently majority owned by Maria Elizabeth Schaeffler Thumann and her son Georg F W Schaeffler through a series of holding companies These holding companies controlled by the Schaeffler family also own controlling interests in Continental AG and Vitesco Technologies 5 Schaeffler Group owns the brands INA FAG and LuK In Germany these main brands are marketed by Schaeffler Technologies AG amp Co KG and LuK GmbH amp Co oHG Schaeffler has an Indian subsidiary Schaeffler India which is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange 6 Contents 1 History 2 World War II 3 Schaeffler family ownership 4 See also 5 ReferencesHistory edit1883 Friedrich Fischer of Schweinfurt designs a machine to allow steel balls to be ground to an absolutely round state for the first time and in large volumes 7 8 1905 On 29 July the FAG brand is registered with the patent office in Berlin The registered trademark FAG is an acronym for Fischer s Automatische Gussstahlkugelfabrik or Fischer s Automatic Steel Ball Factory 9 1939 Acquisition of Davistan AG a Jewish founded textiles company 10 1946 Brothers Wilhelm and Georg Schaeffler both holders of Ph D degrees found INA in Herzogenaurach 1949 The needle roller cage developed by Georg Schaeffler makes the needle roller bearing a reliable component for industrial applications 1965 LuK Lamellen und Kupplungsbau GmbH is founded in Buhl with INA as one of the investors 1999 INA takes over LuK GmbH 2002 Acquisition of FAG Kugelfischer AG Schweinfurt 2003 INA FAG and LuK form the Schaeffler Group 2008 Schaeffler Group buys the much larger Continental AG Germany 2009 President and CEO of the Schaeffler Group Dr Jurgen M Geissinger was elected president of the World Bearing Association 11 2011 Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG amp Co KG 2013 On 4 October an employee letter said Mr Klaus Rosenfeld will take over as acting CEO in addition to his current responsibilities as Chief Financial Officer 2013 The third generation of Schaeffler s electric axle presented in Schaeffler s ACTIVeDRIVE becomes a pilot production product 2014 Schaeffler opens its first Russian plant in Ulyanovsk from which it supplies products to both domestic and overseas automobile manufacturers as well as to the railway industry 2015 Schaeffler successfully completes its initial public offering on 9 October 2015 under the motto We share our success 2016 The strategy Mobility for tomorrow is adopted U S and China plants are expanded and a new facility is opened in Chonburi Thailand along with a new office in Moscow Russia 12 2018 Schaeffler fitted four electric motors from the ABT Schaeffler FE01 Formula E car to an Audi A3 for testing only 13 2018 Schaeffler acquired the drive by wire company Paravan for development of autonomous vehicle technology 14 2023 Schaeffler and Vitesco Technologies Group AG Sign Business Combination AgreementWorld War II editDuring the 2008 merger the company revealed that in World War II it had exploited thousands of slave labourers in its plants in German occupied Poland Around this time the director of the museum now standing at the site of the Auschwitz concentration camp claimed that after the war 1 95 long tons 1 980 kg of human hair had been found at Schaeffler factories and had been used in upholstery in its automotive products The historian at Schaeffler denied this particular allegation 15 Schaeffler family ownership editIn August 2008 the Schaeffler family agreed to a staggered 12 billion acquisition of larger rival Continental AG whereby the family would defer taking a majority stake until at least 2012 16 However in 2011 the family sold off 1 8 billion worth of shares reducing its stake from 75 1 to 60 3 17 Currently the family owns 46 of Continental shares The family also owns 49 94 of Vitesco Technologies 5 See also editGeorg F W SchaefflerReferences edit a b Schaeffler AG and Vitesco Technologies Group AG Sign Business Combination Agreement Press release Herzogenaurach Schaeffler Group 27 November 2023 FAG Bearing on Rolls Bearing Limited Retrieved 28 February 2017 Welcome to the Schaeffler Group www schaeffler com Retrieved 27 September 2023 Schaeffler Group Strategy Overview Schaeffler Group 31 January 2017 a b Schaeffler Annual Report 2021 Earnings releases Schaeffler AG Retrieved 18 February 2023 Schaeffler India Ltd Business Standard India Retrieved 26 June 2022 Bearing Dictionary History BearingsOn With pioneering spirit towards the future Schaeffler Group 30 June 2016 The ball grinding machine from Friedrich Fischer was patented 125 years ago www schaeffler com Archived from the original on 17 February 2017 Retrieved 16 March 2017 Official Journal of Herzogenaurach PDF in German Archived from the original PDF on 6 March 2009 Retrieved 22 February 2009 Schaeffler KG Geissinger Takes on Chairmanship of World Bearing Association Thomas Publishing Company 26 October 2009 Schaeffler Annual Report 2016 PDF Schaeffler Group 8 March 2017 1180bhp Schaeffler 4ePerformance uses Formula E tech to out accelerate 488 Pista Autocar www autocar co uk Retrieved 5 November 2018 Mike Santora 9 August 2018 Drive by Wire Technology Acquired by Schaeffler for Autonomous Vehicles The Robot Report Hall Allan 3 March 2009 German car company used hair from Jews murdered at Auschwitz The Telegraph Retrieved 14 May 2017 Mason Rowena 21 August 2008 Schaeffler family buys out tyre giant Continental for 12bn The Daily Telegraph Retrieved 25 August 2008 dead link Rahn Cornelius 28 March 2011 Schaeffler Sells 1 8 Billion Euros in Continental AG Shares Retrieved from https en wikipedia org w index php title Schaeffler Group amp oldid 1204825653, wikipedia, wiki, book, books, library,
