Schaeffler AG is engaged as a supplier to the automotive and industrial sectors. It also provides rolling bearing and plain bearing solutions; and linear and direct drive technology. The company operates through the following business segments: Automotive and Industrial. The Automotive segment provides product and service business with customers in the automotive sector. The Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler was founded by Georg Schaeffler and Wilhelm Schaeffler in 1946 and is headquartered in Herzogenaurach, Germany.