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Schaeffler Group
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  • The Schaeffler Technologies AG & Co

 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

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