The Schaeffler group is expanding its company divisions with the announcement of its aftermarket subsidiary that will come into effect on January 1st.
The clutch maker will now consist of three separate divisions – Automotive OEM, Industrial and the newly appointed autonomous Automotive Aftermarket business, where all sites operating under this brand will report directly to the company’s head office in Langen, Germany. The full upgrade to division status has also prompted a shake-up in the senior management team appointing Michael Söding to the Board of Managing Directors of whom has been President of the AAM business since it was established in 2009.
“This upgrade to division status within the Schaeffler Group allows AAM to push forward necessary improvements and changes faster and more effectively – for the benefits of our customers”, said Jeff Earl, UK Marketing Manager at Schaeffler, “The UK AAM organisation will also reap the benefits from this stronger position within the group. We will continue to deliver the market leading range of LuK, INA, FAG and Ruville repair solutions, along with the unmatched levels of service that customers have come to expect.”
To further strengthen its position, the group has also acquired Autinity Systems GmbH for an undisclosed sum. Speaking of its latest purchase, Earl said, “autinity systems GmbH specialises in the digital collection evaluation and analysis of machine data in real time, and its acquisition allows Schaeffler to strengthen its data capture and status monitoring capability as key elements in the computer assisted production of its industrial and automotive components,” he concluded. “The acquisition is part of the M&A adopted by the Schaeffler Group, supporting the global concept of “Mobility for tomorrow” and providing additional technological capabilities to assist in the ongoing pursuit of its digital agenda.”