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The Schaeffler Group (also referred to as “Schaeffler” below) is a global automotive and industrial supplier. Top quality, outstanding technology, and exceptionally innovative spirit form the basis for the continued success of the company.. The Schaeffler Group identifies key trends early on, invests in researching and developing new forward-looking products, and sets new standards in technology. Extensive systems know-how enables the Schaeffler Group to offer comprehensive solutions that are tailored to customer and market requirements. By delivering high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is shaping “Mobility for tomorrow” to a significant degree. The company already offers innovative products for hybrid and electric vehicles today.
With its approximately 86,000 employees, the Schaeffler Group is one of the leading global technology companies, and its network of manufacturing locations, research and development facilities, and distribution companies consists of approximately 170 locations in over 50 countries. The group’s 75 manufacturing locations are the cornerstone of its operations. As a global development partner and supplier, Schaeffler maintains stable long-term relationships with its customers and suppliers. In addition to Schaeffler AG, a publicly listed stock corporation incorporated under German law with its registered office in Herzogenaurach that acts as the group’s lead company, the Schaeffler Group includes 152 domestic and foreign subsidiaries as at December 31, 2016.
On November 09, 2016, Schaeffler AG presented its strategy “Mobility for tomorrow" to the public; the strategy was developed over the course of 2016 and has been approved by the Board of Managing Directors and the Supervisory Board. Under its strategy “Mobility for tomorrow", the Schaeffler Group concentrates on four Focus Areas: Eco-friendly drives, urban mobility, interurban mobility, and energy chain. These four Focus Areas are based on four megatrends that will influence the business of the Schaeffler Group in the future: Climate change, urbanization, globalization, and digitalization. Building on these megatrends and Focus Areas, the Schaeffler Group’s Board of Managing Directors developed 8 strategic pillars in cooperation with the Supervisory Board and senior management worldwide. These pillars define the company’s scope for strategic action for the next several years and constitute the basis for the continuous further development of the Schaeffler Group. The “Agenda 4 plus One” excellence program ensures that the strategy is executed; it comprises 16 Strategic Initiatives that have significance worldwide and have been selected from a variety of initiatives. The Schaeffler Group has set itself Financial Ambitions up to 2020 in order to consistently implement its strategy.
Schaeffler AG’s common non-voting shares are listed on the Frankfurt Stock Exchange. In April 2016, IHO Beteiligungs GmbH (until September 28, 2016: Schaeffler Verwaltungs GmbH) sold its remaining holding of common non-voting Schaeffler AG shares. As a result, all common non-voting shares are now widely held. IHO Holding, a group of holding companies owned indirectly by the Schaeffler family, continues to hold all of Schaeffler AG’s common shares. The above transactions have completed the realignment of the company’s corporate and capital structure and have increased the free float to approximately 24.9 % of Schaeffler AG’s total common and common non-voting share capital. Following a review of its mid-cap index, Deutsche Börse had decided in June 2016 to include Schaeffler’s shares in its MDAX index.