Schaeffler Group
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.
Schaeffler's headquarters in Herzogenaurach, Germany. | |
Company type | Aktiengesellschaft |
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FWB: SHA | |
Industry | Automotive, Aerospace, Industrial |
Founders | Wilhelm Schaeffler Georg Schaeffler |
Headquarters | , 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 |
Revenue | €25 billion (2023) |
Number of employees | 120,000 (2023) |
Subsidiaries | Continental AG, Vitesco Technologies, Barden Corporation, XTRONIC GmbH, Schaeffler India |
Website | www |
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.
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.