Schaeffler Goes Public in Germany - Engine Builder Magazine

Schaeffler Goes Public in Germany

Shares for global automotive and industrial supplier Schaeffler are now being offered on the Frankfurt Stock Exchange. The company announced it would list 166 million new and non-voting common shares of Schaeffler AG.

schaeffler-hqShares for global automotive and industrial supplier Schaeffler are now being offered on the Frankfurt Stock Exchange. The company announced it would list 166 million new and non-voting common shares of Schaeffler AG.

The public offering will allow Schaeffler reduce its financial debt for both Schaeffler AG and Schaeffler Holding, in hopes to financially strengthen the company.

“Over the last years we have consistently focused the Schaeffler Group towards the capital markets. The planned listing is a strategic step to further reduce our indebtedness and to improve the capital structure. We thus obtain further financial flexibility to seize additional growth opportunities,” said Klaus Rosenfeld, CEO of Schaeffler AG in release.

The new and existing non-voting common shares will be distributed to institutional investors in Europe, North America and elsewhere through a bookbuilding process, the company said.

Schaeffler plans to pay a dividend of 25-35% of the annual net income to shareholders starting in 2015, it said.
Despite the IPO, Schaeffler plans to remain a family company.

“The Schaeffler Group will remain a family business in the future. As shareholders we will take responsibility to further successfully develop our company in the interest of our customers, our suppliers, and our many employees,” said Maria-Elisabeth Schaeffler-Thumann, shareholder and deputy chairperson of the supervisory board.

You May Also Like

Holley Performance Brands Expands Sales, Appoints Chet Baker SVP of Sales 

Baker is a proven leader who will help strengthen the company’s customer focus in key verticals.

Holley Performance Brands has announced Chet Baker has joined the organization as senior vice president of sales. Baker is among several new sales leaders to recently join the organization as the company strengthens its sales team to engage enthusiasts more directly across the company’s consumer vertical groupings: Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing.

Holley Ordered to Pay $2M in Carburetor Profits to Specialty Auto Parts

This judgment followed various legal disputes between Holley and Specialty (Proform) that started 24 years ago.

Total Seal Achieves ISO Certification

Total Seal just announced the management system of Total Seal Inc. has been found to conform to the Quality Management System Standard ISO9001:2015 for design, machining, fabrication and assembly of piston rings. Related Articles – Four Pikes Peak Legends to Earn Hall of Fame Status – Race Winning Brands Names VP of Transmission Business – Liberty

Four Pikes Peak Legends to Earn Hall of Fame Status

Ari Vatanen, Beck Bechtelheimer, Clint Vahsholtz and Ted Foltz will be inducted into the Pikes Peak Hill Climb Museum Hall of Fame on June 20th in Colorado Springs.

Race Winning Brands Names VP of Transmission Business

Race Winning Brands (RWB), a manufacturer of high-performance components based in Mentor, OH, has appointed Craig Stark as vice president of the transmission business unit. Stark joins the RWB team effective immediately and has experience in spearheading growth in the automotive manufacturing, distribution, and service sectors, including time as vice president of aftermarket sales at

Other Posts

McLaren Racing’s Zak Brown Signs Extended Contract

McLaren Racing CEO Zak Brown has extended his contract with the Woking, United Kingdom-based organization until 2030. Brown, who initially joined McLaren Racing in 2016 as the executive director of McLaren Technology Group, assumed the role of CEO in April 2018.   Related Articles – Formula 1 Exhibition Coming to Toronto in May – NHRA Has

Formula 1 Exhibition Coming to Toronto in May

F1 fans will be treated to an immersive experience through six specifically designed rooms spread over 20,000 square feet.

NHRA Has a New Series – Pingel Top Fuel Motorcycle

Top Fuel Motorcycles will officially compete for championship points at four NHRA Mission Food National Events in 2024.

King Bearings Adds Two to its US Sales Team

King Bearings welcomes Steven Washington as director of aftermarket sales and Shane Turner as regional sales manager.