Schaeffler AG

Company Profile

■URL

https://www.schaeffler.com/fork/

■Address

Industriestrasse 1-3, 91074 Herzogenaurach, Germany

Business Overview

-The Company is a global mobility and motion technology company focused on developing, manufacturing, and servicing components and systems including bearings, transmissions, gearboxes, dampers, sensors, ECUs, actuators, electronics, electric drive systems, energy generation systems, energy storage systems, and digital services for powertrain and chassis applications across various markets including the automotive, commercial vehicle, rail, and industrial sectors.

-Through the fiscal year ended December 31, 2024, the Company was organized into three primary divisions consisting of Automotive Technologies, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions, as well as the Others division. In the beginning of 2024, the Company reorganized its reporting structure, integrating the Bearings business division formerly under the Automotive Technologies division into the Industrial Division and renaming the new division as the Bearings & Industrial Solutions division. In addition, the Company renamed the Automotive Aftermarket division to the Vehicle Lifetime Solutions division.

Automotive Technologies division	Vehicle Lifetime Solutions division	Bearings & Industrial Solutions division
-E-Mobility -Engine & Transmission Systems -Chassis Systems	-Europe -Americas -Greater China -Asia Pacific	-Europe -Americas -Greater China -Asia Pacific

-At the beginning of 2025, the Company reorganized its reporting structure into four primary divisions as well as the Others division, each comprised of multiple individual business divisions. The E-Mobility division is comprised of the former E-Mobility business division under the former Automotive Technologies division combined with Vitesco’s Electrification Solutions Division. The Powertrain & Chassis division is comprised of the Engine & Transmission Systems and Chassis Systems business divisions from the former Automotive Technologies division combined with Vitesco’s Powertrain Solutions Division, excluding Vitesco’s aftermarket activities. The Vehicle Lifetime Solutions division adds Vitesco’s aftermarket activities in the Powertrain Solutions Division to the Company’s existing aftermarket activities and is organized based on customer groups. The Bearings & Industrial Solutions division also has reorganized its business divisions based on products instead of by region. Finally, the Others division is comprised of several business activities, including hydrogen and humanoid technologies operations that were formerly part of the Bearings & Industrial Solutions division.

-The activities for the Company’s four primary divisions are listed below:

E-Mobility division: Develops and manufactures mechanical, mechatronic, and electronic components and systems involving powertrain electrification of passenger and commercial vehicles, with applications in hybrid, fully electric, and fuel cell vehicles.
Powertrain & Chassis division: Develops and manufactures components and systems for engine, transmission, and chassis applications for ICE, hybrid, and electric vehicles.
Vehicle Lifetime Solutions division: Provides spare parts and repair solutions for passenger vehicles, commercial vehicles, two-wheeled vehicles, and off-highway vehicles.
Bearings & Industrial Solutions division: Develops and manufactures rotary and linear bearing solutions, drive components and systems for industrial and automotive applications.

-Effective January 2024, the Company slightly restructured its operating divisions, shifting the Bearings business division from the Automotive Technologies division to the Industrial division. In addition, the Company renamed the Automotive Aftermarket and Industrial divisions to the Vehicle Lifetime Solutions and Bearings & Industrial Solutions divisions, respectively. The operational restructuring is not reflected in the financial figures and information for the fiscal year ended December 31, 2023.

E-Mobility division	Powertrain & Chassis division	Vehicle Lifetime Solutions division	Bearings & Industrial Solutions division
-Electric Drives -Controls -Mechatronics & Modules	-Engine & Transmission Systems -Powertrain Solutions -Chassis Systems	-Repair & Maintenance Solutions -Platform Business -Specialty Business -Emerging Business	-Industrial Bearings -Automotive Bearings -Linear Motion

-In November 2023, the Company launched a public tender offer for all outstanding shares in Vitesco Technologies Group AG, with the tender offer concluding in January 2024. The Company entered into a formal business combination agreement with Vitesco to create a new combined company under the same Company name Schaeffler AG. Following the conclusion of the public tender offer, the Company entered into a merger agreement with Vitesco in March 2024, following the approval of both companies’ Supervisory Boards. The Company’s Annual General Meeting approved the agreement of Vitesco on April 25, 2024. On October 1, 2024, the Company completed the merger with Vitesco. The new combined entity has approximately 120,000 employees and annual pro-forma sales of approximately EUR 25 billion.

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Shareholders

-The Company completed its IPO on October 8, 2015. Its shares were listed on the Frankfurt Stock Exchange starting October 9, 2015.

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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
Oil control valves
Valve-lash adjustment elements

-Camshaft phasing systems

Camshaft phasing units for chain drives
Camshaft phasing units for belt drives
Solenoid valves
Electromechanical camshaft phasing unit

-Chain and belt drive systems

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
IT, roller and bush chains
Tensioning and guiding blades
Aggregate gearboxes

-Rolling bearings for engine shafts

Rolling bearing supports for balancer shafts
Rolling bearing supports for camshafts
Rolling bearing supports for crankshafts
Rolling bearings for turbochargers
Lightweight balancer shafts

-Water pump bearings

Double-decker bearings for adjustable water pumps
Triple row bearings for high loads
Water pump impellers

-Throttle valve bearings
-Rolling bearings for turbochargers
-Thermal management modules
-Smart valves

Transmission systems
-Bearing supports for transmissions and rear axle drives

Needle roller bearings
Ball bearings
Tapered roller bearings
Drawn cup cylindrical roller bearings
Planetary gear sets
Angular contact ball bearings
Tandem angular contact ball bearings
Needle roller and cage assemblies
Spacer sleeves
One way clutch assembly units

-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
Arc spring dampers
Wide angle dampers
Dampers for front end systems

-DHT dampers
-Dampers for hybrid transmissions

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
Pinion bearings
Crown wheel 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
-Mechatronic Rear Wheel Steering systems (iRWS)

E-Mobility
-Electrical wheel hub drives
-Electrical axle drives
-3-in-1 electric axles
-4-in-1 electric axles
-Electric axle disconnect units
-Motor control units
-Transmission control units
-Fuel cell control units
-Battery management controllers
-48V hybrid modules
-Mild hybrid and micro-hybrid drives
-Plug-in hybrid drives
-Electric motors
-DC-DC converters
-Power distribution units
-Inverters
-Power modules
-Charging communication units
-Smart hydraulics
-Rolling bearing solutions for E-Mobility

High-speed ball bearings
High-speed cylindrical roller bearings
Sensor bearings
Current shunt bearings
Angular roller unit (ARU) bearing concept
Tandem ball bearings
Tapered roller bearings

-Hybrid transmissions
-Hydrostatic clutch actuators
-Range extender transmissions
-Metallic bipolar plates
-Fuel cell stacks
-Battery packs
-Solid-state batteries

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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.
Jan. 2022	Signed agreement to acquire all of Melior Motion GmbH, a supplier of precision gearboxes for robotics and other applications.
Oct. 2022	Signed agreement to acquire remaining 10% stake in Schaeffler Paravan Technologie GmbH & Co. KG joint venture which develops the Space Drive steer-by-wire system. Schaeffler Paravan will become a wholly owned subsidiary of the Company once the transaction is completed.
Nov. 2023	Launched public tender offer for all outstanding shares in Vitesco Technologies Group AG.
Mar. 2024	Entered into merger agreement with Vitesco Technologies Group AG, which is expected to be completed in the fourth quarter of 2024.
Oct. 2024	Completed merger with Vitesco Technologies Group AG.