Schaeffler Technologies AG & Co. KG, better known as the Schaeffler Group, is one of the world’s leading automotive and industrial suppliers. Headquartered in Herzogenaurach, Germany, the Schaeffler Group is reputed to be one of the world’s largest family-owned businesses, with 2018 revenue of $15.93 billion. The main thrust of the business involves delivering high-precision components and systems in engine, transmission and chassis applications, along with rolling and plain bearing solutions for industrial applications. Today, the Schaeffler Group has 170 locations in more than 50 countries around the world. Their global operations include manufacturing, research and development and sales. The Group’s history goes back to 1946 when brothers Wilhelm and Georg Schaeffler founded INA, the precursor to the Schaeffler Group. Three years later, Georg developed the needle roller cage, which led to the needle roller bearing becoming a reliable component for industrial applications. That spirit of innovation continues to thrive in the company today, as the Schaeffler Group employs more than 8,000 people at 20 R&D centres in the interest of forging new paths. In 2018 alone, Schaeffler registered more than 2,400 patents, making them Germany’s second-most innovative company according to the German Patent and Trademark Office.
- Family name: Schaeffler family
- Sector: Automotive & Transportation
- Founded: 1946
- Founder: Wilhelm and Georg Schaeffler
- Country: Germany
- Company headquarters: Herzogenaurach, Germany
- Revenue: 14.4
- Employees: 84,198
- Website: schaeffler.com
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