- The Schaeffler Technologies AG & Co
Schaeffler Group Net worth 2024 (estimated)
| How much is Schaeffler Group worth? | Under review
|
Schaeffler Group facts
- KG (also known as Schaeffler Group respectively Schaeffler Gruppe in German) 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
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
|
|