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Schaeffler Group information


Schaeffler AG
Company typeAktiengesellschaft
Traded as
FWB: SHA
IndustryAutomotive, Aerospace, Industrial
FoundersWilhelm Schaeffler
Georg Schaeffler
Headquarters
Herzogenaurach
,
Germany
Area served
Worldwide
Key people
Klaus Rosenfeld, (CEO)
Peter Pleus
Dietmar Heinrich
Matthias Zink
Michael Söding
Andreas Schick
Corinna Schittenhelm
Uwe Wagner
Stefan Schindler
RevenueIncrease €25 billion (2023)[1]
Number of employees
120,000 (2023)[1]
SubsidiariesContinental AG, Vitesco Technologies, Barden Corporation, XTRONIC GmbH, Schaeffler India
Websitewww.schaeffler.com

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]

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.

Schaeffler has an Indian subsidiary, Schaeffler India, which is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange.[6]

  1. ^ a b "Schaeffler AG and Vitesco Technologies Group AG Sign Business Combination Agreement" (Press release). Herzogenaurach: Schaeffler Group. 27 November 2023.
  2. ^ "FAG Bearing on Rolls Bearing Limited". Retrieved 28 February 2017.
  3. ^ "Welcome to the Schaeffler Group". www.schaeffler.com. Retrieved 27 September 2023.
  4. ^ "Schaeffler Group – Strategy – Overview". Schaeffler Group. 31 January 2017.
  5. ^ "Schaeffler Annual Report 2021". Earnings releases. Schaeffler AG. Retrieved 18 February 2023.
  6. ^ "Schaeffler India Ltd". Business Standard India. Retrieved 26 June 2022.

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