Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries worldwide. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, and synchronizing and gearshift components. It also provides chassis systems comprising wheel bearings, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems; and hybrid and electrical drive systems that include hybrid modules, electrical axle drives, and electrical wheel hub drives. The company's Automotive Aftermarket division offers repair solutions for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors, as well as supporting services. Its Industrial division provides rolling and plain bearings, linear technology, maintenance products, monitoring systems, and direct drive technology; and bearing solutions, as well as systems for condition and remote monitoring for its customers. This division serves customers in the production machinery, drive technology, wind power, construction machinery/tractors, consumer goods, heavy industries, rail traffic, power transmission, and aerospace sectors, as well as industrial aftermarket, mobility, and energy and raw materials. The company offers its products under Schaeffler, LuK, INA, FAG, and Ruville brands. Schaeffler AG has a strategic partnership with Fraunhofer-Gesellschaft. The company was formerly known as INA Beteiligungsgesellschaft mit beschränkter Haftung and changed its name to Schaeffler AG in October 2014. The company was founded in 1946 and is headquartered in Herzogenaurach, Germany. Schaeffler AG is a subsidiary of IHO Verwaltungs GmbH.
