Schaeffler Technologies AG & Co. KG, also known as the Schaeffler Group (Schaeffler-Gruppe in German), is a German manufacturer of rolling element bearings[2] for automotive, aerospace and industrial uses.[3] It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler.[4]
As of 2021, the firm was 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.[5]
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.[6]
In 1883, Friedrich Fischer of Schweinfurt designed a machine to allow steel balls to be ground to an absolutely round state for the first time – and in large volumes.[7][8]On 29 July 1905, the FAG brand was registered with the patent office in Berlin. The registered trademark FAG is an acronym for "Fischer''s Automatische Gussstahlkugelfabrik," or "Fischer''s Automatic Steel Ball Factory."[9]
In the spring of 1946, brothers Wilhelm and Georg Schaeffler and two partners founded Industrie-GmbH in Herzogenaurach. The company was initially only allowed to repair agricultural equipment and produce goods from wood, but soon also became a supplier for tool making.[19]
In 1949, the needle roller cage, developed by Georg Schaeffler, made the needle roller bearing a reliable component for industrial applications which propelled INA (Industrie Nadellager) to success.[20]
In 1965, INA acquired the company August Häussermann in Bühl and renamed it LuK Lamellen und Kupplungsbau GmbH.[22]
In 1979 INA entered into Hydrel AG, Switzerland,[22] and 1984 into Helmut Elges GmbH, Steinhagen.[23]
In 2024, Schaeffler announced that 4,700 jobs will be eliminated, 2,800 alone in Germany, one plant in Austria and one in the UK will be closed, while bearing production in Berndorf, Austria, would cease. The production of couplings in Sheffield, England would be discontinued.[33]
Schaeffler products facilitate and shape mobility - as they have been doing for decades. We have also continued the development of our expertise from "basic" components to complete system solutions.
We work to bring about the technologies of the future and, in doing so, create the basis for our innovations to make tomorrow''s worldwide mobility even better than it is today.
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