Herzogenaurach: Schaeffler sells business division – employees affected in Franconia

• Herzogenaurach: sold by Schaeffler drive chain division fr internal combustion engines
• “It will be a marginal business for us”: the company wants to move on Focus on “promising areas”
• mnchner investor bernimt Business area with 560 employees
• Spokesperson confirmed: In addition Franconian workers affected

Franconian auto supplier Scheffler parted ways Trade with drive chains for combustion engines. The area, which had been operated by Schaeffler for almost 25 years, is no longer part of the main area. The company announced this in a press release on Wednesday (August 11, 2021). like the opposite speaker inFranken.de best see Franconian employees too affected by sales

Herzogenaurach: Schaeffler sells internal combustion engine division

The automotive supplier explains, “Chain drive systems are installed as part of the drive in the internal combustion engines of other vehicles such as passenger cars and motorcycles. In addition to the drive chain, the system includes chain wheels, guide rails, and tensioning systems. ” She The business segment will go to Munich-based financial investor Lenbach Equity Opportunities II. The parties agreed not to disclose financial details.

According to Schaeffler in the press release, research and development as well as production have so far been carried out at nine different locations in Europe, Asia and North and South America. like the opposite speaker inFranken.de It is said that one expects Scheffler to By 2030, only 30 percent of all vehicles worldwide are net vehicles internal combustion engines are equipped. “That is why it is not preferred to invest in it now. We will focus on promising areas,” the spokesperson said.

be at the same time Change to the new operator “A better solution for everyone involved”, That’s the speaker. As the company writes, the business “can be managed and further developed by the new owner in a more targeted and concrete manner”. Schaeffler believes the deal will be concluded in the first half of 2022 after removing all bureaucratic hurdles.

Sale of an entire division in Schaeffler: Franconian employees also affected

“Nine locations are spread across all regions internationally,” the spokesperson says. in totality 560 employees to move to new owner with managementwhich seeks to transform the new company into a “Leading Independent Partner for Automotive OEM”.

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Although none of the large production facilities for chain drive systems are in Franconia, workers in the region are impressed by the sales. “Germany is Herzogenaurach with fewer two-digit numbers Influenced, Employees can switch to new company“, informs Schaeffler upon request.

After last year’s drought Auto supplier from Franconia financially better in the first half of 2021 Back. For the full year, the management team headed by CEO Klaus Rosenfeld is expecting currency-adjusted growth in sales of more than 11%, adjusted for special effects. Schaeffler’s Profit Margin before interest and taxes Should be between 8 to 9.5 percent.

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