What happened to 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. 2011: Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG & Co. KG
Who makes Schaeffler products?
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. 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.
How many employees does Schaeffler have in the world?
Number of employees. 92,478 (2018) Website. www .schaeffler .com. Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group ( Schaeffler-Gruppe in German ), is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses.
When did Schaeffler sell its stake in continental?
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 worth of shares of Continental, reducing its stake from 75.1% to 60.3%.
What does Schaeffler mean?
Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group ( Schaeffler-Gruppe in German ), is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses. It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler.
Who is Maria Schaeffler-Thumann?
Maria-Elisabeth Schaeffler-Thumann is Deputy Chairwoman of the Supervisory Board of Schaeffler AG. Schaeffler is a leading global high-tech company in family ownership, and is based in Herzogenaurach, Germany.