Transformation of Schaeffler GmbH into Schaeffler AG has been finalized
As well as the entire operational business of the Schaeffler Group, all the operational holdings companies affiliated to the Group and the Group's real estate are bundled in Schaeffler AG. This means the planned transformation to a stock corporation, which was announced some time ago, has been successfully concluded and it creates even more flexibility and several options for the company. There are no plans to float Schaeffler AG on the stock market.
The Schaeffler Group with its three strong brands INA, LuK and FAG is a leading provider of rolling bearings and linear products as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions and chassis applications. The group of companies stands for global customer proximity, innovative ability and the highest possible level of quality. Sales of €9.5 billion were generated at over 180 locations in more than 50 countries in 2010. With over 70,000 employees worldwide, the Schaeffler Group is one of the largest German and European industrial companies in family ownership.