History
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1883: Friedrich Fischer of Schweinfurt designs a machine to allow steel balls to be ground to an absolutely round state for the first time – and in large volumes.
1905: On July 29, the FAG brand is registered with the patent office in Berlin. The registered trademark FAG, stands for Fischers Aktien-Gesellschaft.
1946: Brothers Wilhelm and Georg Schaeffler, both holders of Ph.D. degrees, found INA in Herzogenaurach.
1949: The needle roller cage, developed by Georg Schaeffler, makes the needle roller bearing a reliable component for industrial applications.
1965: LuK Lamellen und Kupplungsbau GmbH is founded in Bühl (with INA as one of the investors).
1999: INA takes over LuK GmbH
2002: Acquisition of FAG Kugelfischer Georg Schäfer AG, Schweinfurt.
2003: INA, FAG and LuK form the Schaeffler Group.
2008: Schaeffler Group buys the much larger Continental AG (Germany).
2009: President and CEO of the Schaeffler Group, Dr. Juergen M. Geissinger, was elected president of the World Bearing Association.
2011: Schaeffler Group becomes Schaeffler AG and Schaeffler Technologies AG & Co. KG
Read more about this topic: Schaeffler Group
Famous quotes containing the word history:
“We know only a single science, the science of history. One can look at history from two sides and divide it into the history of nature and the history of men. However, the two sides are not to be divided off; as long as men exist the history of nature and the history of men are mutually conditioned.”
—Karl Marx (1818–1883)
“You that would judge me do not judge alone
This book or that, come to this hallowed place
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Ireland’s history in their lineaments trace;
Think where man’s glory most begins and ends
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—William Butler Yeats (1865–1939)
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)