Schaeffler AG: BDT Capital Partners acquires significant holding of non-voting common shares
November 13, 2019 at 02:05 am EST
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Schaeffler AG: BDT Capital Partners acquires significant holding of non-voting common shares
13.11.2019 / 08:00
The issuer is solely responsible for the content of this announcement.
BDT Capital Partners acquires significant holding of non-voting common shares
HERZOGENAURACH, November 13, 2019. BDT Capital Partners has informed Schaeffler AG that BDT Capital Partners has acquired approximately 25 percent of the outstanding non-voting common shares of Schaeffler AG.
BDT Capital Partners, a Chicago-based merchant bank, was founded in 2009 by Byron D. Trott and focusses on investments in family-owned businesses.
About Schaeffler
The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. The portfolio includes high-precision components and systems for engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group is already shaping "Mobility for tomorrow" to a significant degree with innovative and sustainable technologies for electric mobility, digitalization, and Industry 4.0. The technology company generated sales of approximately 14.2 billion euros in 2018. With around 89,000 employees, Schaeffler is one of the world's largest family companies and, with approximately 170 locations in over 50 countries, has a global network of manufacturing locations, research and development facilities, and sales companies. With more than 2,400 patent applications in 2018, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).
Contact:
Thorsten Möllmann
Senior Vice President Global Communications & Branding, Schaeffler AG, Herzogenaurach, Germany
phone +49 9132 82-5000, e-mail: presse@schaeffler.com
Renata Casaro, Head of Investor Relations,
Schaeffler AG, Herzogenaurach, Germany
phone +49 9132 82-4440, e-mail:ir@schaeffler.com
13.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Schaeffler AG is a Germany-based company primarily engaged in the manufacture of automotive parts. Its activities are divided into two business segments: Automotive and Industrial. The Automotive segment comprises four subdivisions: Engine Systems, such as rolling bearing solutions, products for belt and chain drives, as well as valve train components; Transmission Systems, torsion and vibration dampers, clutches and double clutch systems, torque converters, bearing solutions and gearshift components; Chassis Systems, such as wheel bearings, steering components and power-assisted steering systems; and Automotive Aftermarket, offering repair service, among others. The Industrial segment is managed based on regions: Europe, Americas, Greater China and Asia/Pacific. The Company is also active in the field of digitalization of production.
SCHAEFFLER AG 
