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Schaeffler Group

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Organisation
Location type: Organisation
Location address: Deutschland, Erlangen-Höchstadt
Number of texts: 1
3 stars
Made by wikipedia.org | Reference File Upload Bot (Magnus Manske) | © CC 3.0
Made by wikipedia.org | Reference Wikipedia.org | © CC 3.0

The Schaeffler Technologies AG & Co. KG is a privately owned major manufacturer of rolling element bearings for automotive, aerospace and industrial uses before October 9, 2015 IPO in Germany. 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.

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