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Schaeffler to turn Germany-based engineering company into wholly-owned subsidiary
Schaeffler AG announced that IFT Ingenieurgesellschaft Triebwerkstechnik mbH will become a 100% subsidiary of Schaeffler on July 1, 2013 with a view to integrate the company into Schaeffler Engineering GmbH at a later date. The parent company's plans involve initially increasing its share in IFT from 49 to 100 percen....
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