The Schaeffler Group forms
In 1964, the Schaeffler Brothers decided to buy the majority share in Lamellen- und Kupplungsbau August Häussermann and, in 1965, founded LuK Lamellen- und Kupplungsbau GmbH in Bühl, located in Germany’s Baden region.
The company became the market's technological leader with its very first innovative product, a diaphragm spring clutch manufactured for VW. LuK, a drive train specialist and one of the world’s largest clutch manufacturers, became part of the Schaeffler Group in 1999 after years of partnership with another company, and today forms the core of the Transmission Systems business division.
In 2001, Schaeffler took over FAG Kugelfischer AG & Co. KG in Schweinfurt and significantly expanded its range of rolling bearings. Since then, the Schaeffler Group has been the world's second-largest rolling bearing manufacturer. Five years later, FAG Kugelfischer AG & Co. oHG and INA-Schaeffler KG were merged to form Schaeffler KG. Further companies including Barden, Hydrel, IDAM, and Schaeffler Engineering complete the Schaeffler Group’s lineup.