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Overview
The Schaeffler Group is a global automotive and industrial supplier based in Germany. It was founded in 1946 by brothers Wilhelm and Georg Schaeffler, and is currently headquartered in Herzogenaurach, Germany. The company is divided into three main divisions: Automotive OEM, Automotive Aftermarket, and Industrial. Its products include engine, transmission, and chassis components in the automotive sector, as well as bearings and other components for industrial applications. The company has a global presence, with over 170 locations in more than 50 countries. It employs over 92,000 people worldwide and generated sales of around 14.2 billion euros in 2020. In addition to its main divisions, Schaeffler also has a separate division dedicated to research and development, as well as a digitalization unit focused on developing software and services for the mobility of the future. In recent years, Schaeffler has made significant investments in electric mobility and autonomous driving, as well as in the development of sustainable technologies for the automotive industry. The company has also been recognized for its commitment to sustainability, receiving awards for its environmental, social, and governance practices. Overall, the Schaeffler Group is a major player in the automotive and industrial supply industry, with a strong global presence and a focus on innovation and sustainability.
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