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Schaeffler Group

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Schaeffler Group
NameSchaeffler Group
TypeAktiengesellschaft
Foundation1946
FounderWilhelm Schaeffler, Georg Schaeffler
Location cityHerzogenaurach
Location countryGermany
Key peopleKlaus Rosenfeld (CEO)
IndustryAutomotive industry, Industrial manufacturing
ProductsBall bearings, Roller bearings, Clutches, Transmission systems, Electric motor components
Revenue€16.3 billion (2023)
Num employees84,000 (2023)

Schaeffler Group. The Schaeffler Group is a major German Aktiengesellschaft and a leading global supplier in the automotive industry and industrial manufacturing sectors. Founded in 1946 by brothers Wilhelm Schaeffler and Georg Schaeffler, the company is headquartered in Herzogenaurach, Bavaria, and is renowned for its precision engineering in components like ball bearings, clutch systems, and electric motor technologies. With a significant presence on the Frankfurt Stock Exchange, the group operates through its core brands and maintains extensive production and research facilities worldwide.

History

The company's origins trace back to 1946 in Herzogenaurach, established by the Schaeffler brothers shortly after World War II. A pivotal moment came in 1949 with the invention of the needle bearing, a product that propelled rapid growth and established its technical reputation. Throughout the latter half of the 20th century, it expanded aggressively, acquiring the FAG Kugelfischer company in 2001, which significantly bolstered its industrial bearing portfolio. The group played a central role in the contentious takeover of Continental AG in 2008, a move that reshaped the European automotive supplier landscape. In 2015, the group conducted a major initial public offering on the Frankfurt Stock Exchange, marking a new chapter in its corporate development.

Corporate structure

The group operates under a dual-brand strategy, managing its activities through the well-known INA (company) and FAG (bearing brand) brands for product marketing. Its legal entity is structured as a German Aktiengesellschaft, with its supervisory board and executive board overseeing global operations. The group holds a substantial stake in Continental AG, one of the world's largest automotive parts manufacturers, representing a key strategic investment. Day-to-day leadership is provided by CEO Klaus Rosenfeld, who manages the firm's three main divisional segments: Automotive Technologies, Automotive Aftermarket, and Industrial.

Products and divisions

Its Automotive Technologies division develops and manufactures precision components for powertrains, including clutch systems, hydraulic components, and transmission solutions for both conventional and hybrid vehicles. The Automotive Aftermarket division supplies replacement parts, such as belt drive systems and wheel bearings, to the independent aftermarket through brands like LuK (company). The Industrial division provides a vast array of rolling bearings, linear motion technology, and direct drive solutions to sectors including aerospace, rail transport, and wind power. A major focus area is electromobility, where the company produces electric axle drives and components for fuel cell applications.

Operations and locations

The group's global headquarters and major research and development centers are located in Herzogenaurach, Germany. It maintains a vast production network with over 70 manufacturing plants across key regions including Europe, the Americas, and Asia Pacific. Significant production and technical facilities operate in countries such as China, the United States, Romania, and South Korea. Its operational footprint ensures proximity to major customers like Volkswagen Group, General Motors, and Siemens, supporting the just-in-time manufacturing requirements of the global automotive industry.

Financial performance

For the fiscal year 2023, the group reported revenue of approximately €16.3 billion, demonstrating recovery and growth in the post-COVID-19 pandemic market. Its financial strategy is closely watched by analysts at institutions like Deutsche Bank and J.P. Morgan, given its significant stake in Continental AG and exposure to global automotive production cycles. The company's performance is segmented across its three core divisions, with Automotive Technologies typically contributing the largest share of sales. Its listing on the Frankfurt Stock Exchange under the ticker symbol "SHA" provides transparency into its market capitalization and financial health.

Sustainability and innovation

The group has committed to ambitious climate protection goals, aiming for climate-neutral production across its own sites by 2030 and across its entire supply chain by 2040. Its innovation pipeline is heavily focused on technologies for CO2 reduction, including advanced e-mobility systems and components for hydrogen technology. The company invests significantly in research and development, with numerous patents filed annually in fields like electric motor efficiency and lightweight construction. It actively participates in public research alliances and partnerships, such as those funded by the German Federal Ministry for Economic Affairs and Climate Action, to advance industrial sustainability.

Category:Companies listed on the Frankfurt Stock Exchange Category:Automotive companies of Germany Category:Manufacturing companies of Germany Category:Companies based in Bavaria Category:Bearing manufacturers