Schaeffler Group intends to change its name from Schaeffler Technologies GmbH & Co. KG to Schaeffler Technologies AG & Co. KG, effective January 1 next year.
The Schaeffler Group stated that changing the name of a company is mainly related to the nature of the company's transformation. In October 2011, members of the Schaeffler Group Supervisory Board announced that Schaeffler has converted from a limited liability company to a joint-stock company and has completed registration on October 13, 2011.
Schaeffler was transformed from a family-owned company to a joint-stock company because it believed that changing the nature of the company would allow it to have greater flexibility and transparency in the capital market, which would be beneficial to the long-term development of the company.
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