Schaeffler AG
Company Profile
Business Overview
-The Company is a global integrated automotive and industrial supplier focused on components and systems in powertrain and chassis applications.
-The Company is organized into three divisions, Automotive Technologies, Automotive Aftermarket and Industrial. As of January 1, 2022, the Company slightly restructured its business divisions as shown in the table below:
| Automotive Technologies Division | Automotive Aftermarket Division | Industrial Division |
| -E-Mobility -Engine & Transmission Systems -Bearings -Chassis Systems |
-Europe -Americas -Greater China -Asia Pacific |
-Europe -Americas -Greater China -Asia Pacific |
-The Company’s Automotive Aftermarket division is represented by three brands: INA, LuK, and FAG.
| INA | FAG | LuK |
| -Roller bearings -Linear guidance systems -Engine components -Plain bearings -Precision components |
-Sensor wheel bearings -High-precision bearings -Large-size bearings |
-Clutches |
Shareholders
-The Company completed its IPO on October 8, 2015. Its shares were listed on the Frankfurt Stock Exchange starting October 9, 2015.
Products
Engine systems
-Standard valvetrains
- Mechanical tappets
- Hydraulic tappets
- Finger followers
- Rocker arms
- Cam levers
-Variable valvetrains
- UniAir - Fully variable electro-hydraulic valve control system
- Cam shifting systems
- Mechanical switchable tappets
- Hydraulic switchable tappets
- Switchable finger followers
- Switchable pivot elements
- Switchable roller tappets
- Switchable valves
-Camshaft phasing systems
- Camshaft phasing units for chain drives
- Camshaft phasing units for belt drives
- Solenoid valves
- Electromechanical camshaft phasing unit
-Belt drives
- Primary drives
- Toothed-belt tensioners
- Toothed chains
- Auxiliary drives
- Mechanically and hydraulically dampened belt tensioners
- Belt-driven starter generator drives
- Tensioning systems
- Tensioner and idler pulleys
- Overrunning alternator pulleys
- Thermal management modules
-Rolling bearings for engine shafts
- Rolling bearing supports for balancer shafts
- Rolling bearing supports for camshafts
- Rolling bearing supports for crankshafts
- Lightweight balancer shafts
Transmission systems:
-Bearing supports for transmissions and rear axle drives
- Needle roller bearings
- Ball bearings
- Tapered roller bearings
- Drawn cup roller bearings
- Planetary gear sets
- Angular contact ball bearings
- Tandem angular contact ball bearings
-Lightweight differentials
-E-clutch
-Clutches, shift systems, synchronizers
- Clutches
- Clutch discs
- Clutch release bearings and clutch release systems
- Peak torque limiters
- Clutch-servo assistance
- Linings
- Shift systems
- Gearshift units and gearshift domes
- Drawn cup needle roller bearings for linear and rotary motion
- Shift detents
- Gearshift sleeves
- Intermediate rings for synchronizers
-Dual-clutch and automated transmission solutions
- Automated manual transmission solutions
- Dual-clutch transmission (DCT) solutions
- Hybridized double-clutch transmission solutions
-Automatic transmission solutions
- Pulley sets for CVTs
- Chains for CVTs
- Torque converters
- Torque converter lockup clutches
-Torsional vibration dampers
- Dual mass flywheels
- Balancer shaft dampers
- Crankshaft dampers
Chassis systems and accessories
-Bearings for chassis applications
- MacPherson strut bearings
- Spring seat bearings
- Universal joint bearings
- Tripod rollers
-Steering column bearings and components
- Steering column bearings
- Clamping devices
- Linear bearings and displacement bearings
- Power steering pump bearings
-Wheel bearings
- Wheel bearings
- Wheel modules
- Four-row angular contact ball bearings (twin tandem)
-Electromechanical actuators
- Roll stabilizers
- Ball screw drives
- Electromechanical steering systems
- Ride-height leveling systems
- Track and camber adjustment systems
-Commercial vehicle applications
- Kingpin bearings
- Stabilizer bearings
- Brake adjusters
- Half-shells
- Insert bearings
-Bearings for accessories and interiors
- ABS pump bearings
- Throttle-valve bearings
- Turbocharger bearings
- Starter motor bearings
- Air-conditioning compressor bearings
- Water pump bearings
- Plain bearings
-Active roll control system
-Space Drive drive-by-wire systems
E-Mobility
-Electrical wheel hub drives
-Electrical axle drives
-48V hybrid modules
-Mild hybrid and micro-hybrid drives
-Plug-in hybrid drives
-Electric motors
-Smart hydraulics
-Hybrid transmissions
-Fuel cell stacks
History
| 1872 | FAG was founded as a repair workshop for sewing machines. |
| 1946 | INA was founded in Herzogenaurach. |
| 1963 | INA entered in North America. INA founded a company in Cheraw, South Carolina. |
| 1965 | LuK was founded. |
| 1974 | Foundation of LuK do Brasil and LuK Mexiko. |
| 1977 | Foundation of LuK Inc. USA. |
| 1983 | FAG became a partnership limited by shares. |
| 1985 | The LuK dual-mass flywheel (DMF) sets new standards in drive train noise isolation. |
| 1985 | FAG was launched on the stock exchange. |
| 1986 | LuK took over AFT in Werdohl. (today called AFT Atlas Fahrzengtechnik) |
| 1987 | LuK took over Repco S.A. (today called LuK Africa) LuK took over Laycock in England. (today called LuK UK) |
| 1990 | INA's R&D center in Herzogenaurach opened. LuK took over TCM Ltd. in Hereford, England. (today called Hereford Ltd.) |
| 1991 | Joint-venture between LuK and Barmag. (the future BarLuK) LuK took over the automotive hydraulics division of Vickers. (today called LuK Fahrzeug-Hydraulik) |
| 1992 | INA opened a new plant in Ansan. (Korea) Foundation of LuK Getriebe-Systeme. (Transmission Systems). |
| 1993 | 100% takeover of BarLuK. (today called LuK Automobiltechnik) |
| 1994 | A customer orientated Group structure was introduced and FAG became a holding company as follows: FAG Automobiltechnik AG/ FAG OEM und Handel AG/ FAG Aircraft/Super Precision Bearings GmbH, FAG Komponenten AF/ FAG Personaldienste uns Service GmbH. |
| 1996 | Foundation of Beijing (LuK) Liaison Office in China. Joint venture between Rane and LuK. (Rane LuK Clutch Ltd.) in India. Foundation of LuK Savaria in Hungary. (production start - end of 1997) The Self Adjusting Clutch (SAC) reduces pedal force and increases a clutch's service life. |
| 1997 | FAG founded Automotive Bearings (Shanghai) Company, Ltd. (China) |
| 1998 | Kongsberg TechMatic in England and Norway was taken over by LuK. |
| 1999 | FAG founded a new production center, FAG Automotive Hungary Kft, Debrecen, in Hungary. LuK founded AS Argentina. Opening of LuK Leamington, UK. Building of the LuK foundry in Brazil. |
| 2000 | Opening of the LuK factory in Kappelrodeck, Germany. |
| 2001 | LuK sold LuK Norge. LuK took over Rane LuK India. Rane LuK becomes LuK India Private Ltd. |
| 2002 | INA acquired FAG Kugelfischer Georg Schafer AG, Schweinfurt. INA and FAG become the world's second largest rolling bearing manufacturer. INA's new R&D center of expertise doubled development capacity in Herzogenaurach. |
| 2003 | INA, FAG and LuK formed the Schaeffler Group. The Group opened a new automotive research center in Troy (United States). LuK opened the sales and development building at the headquarters in Buhl. |
| 2005 | LuK took over APTEC and completed therefore the competence in the range of the friction facings. APTEC became LuK Friction. |
| 2006 | LuK sold their Business Unit of Pumps. The FAG Kugelfischer AG & Co. oHG and the INA-Schaeffler KG were integrated in the Schaeffler Group. |
| 2007 | INA opened a plant in Pune/India. The Group inaugurated the new R&D Center in Anting/China and the second plant in Taicang. |
| 2008 | Construction of new plants in Vietnam and Mexico. Acquisition of Raybestos. (clutch lining manufacturer) |
| 2009 | Concluded to takeover of Continental AG, based in Hanover. |
| 2011 | FAG opened a plant in Savli/India. Opened ball bearing plant in Nanjing/China. "eMobility System Division" started up. |
| 2012 | As of January 1, Schaeffler Technologies GmbH & Co. KG has changed its name to Schaeffler Technologies AG & Co. KG. |
| 2014 | -Schaeffler AG, a wholly-owned subsidiary of Schaeffler Verwaltungs GmbH, was changed to a limited liability company ("Gesellschaft mit beschränkter Haftung") when that change was entered into the Commercial Register on October 23, 2014. It was also renamed Schaeffler Verwaltung Zwei GmbH as of that date. -On October 24, 2014 (date entered in the Commercial Register), INA Beteiligungsgesellschaft mit beschränkter Haftung was changed to a stock corporation ("Aktiengesellschaft") and renamed Schaeffler AG. |
| Dec. 2016 | Formed purchase contract with Semikron International GmbH for 51% of the shares of Compact Dynamics GmbH, a manufacturer of high-performance electric motors. |
| Feb. 2017 | Announced that it has signed a cooperation agreement with the Factory Berlin startup campus for an innovation hub. |
| Feb. 2017 | Announced that it now holds the majority of shares of electric motor specialist Compact Dynamics. |
| Mar. 2017 | Announced that it cooperates with CITIC Pacific Special Steel (CPS) to strengthen their business relationship both economically and technologically. |
| Mar. 2017 | The company UK automotive plant in Llanelli, South Wales announced that it has become the global location of choice for the production of turbocharger ball bearings. Start of production is planned for Week 21, 2017. |
| Mar. 2017 | Announced that it cooperates with Diehl Metall in the field of synchro rings and synchronization systems for transmissions. |
| Jun. 2017 | Announced that it is investing USD 36.5 million for the expansion of one of its two plants in Fort Mill, South Carolina. |
| Nov. 2018 | Completed contract to acquire Elmotec Statomat Holding GmbH, a leading manufacturer of machinery to construct electric motors. |
| Jun. 2019 | Completed acquisition of XTRONIC GmbH, a developer of electronics and software solutions for applications ranging from autonomous driving, electromobility and safety. |
| Oct. 2020 | Divested stake in Bio-Hybrid GmbH to Micromobility services and solutions GmbH. |
| Aug. 2021 | Signed contract to divest global chain drive business to private equity fund Lenbach Equity Opportunities II. GmbH & Co. KG. |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2009
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>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2019
>>>Business Report FY ended Dec. 31, 2020
Note: A figure in brackets ( ) indicates a loss