SCHUMAG AG engages in the production and distribution of metal working machines and mechanical precision components. It operates through the following segments: Precision Engineering, Systems Engineering, and Others. The Precision Engineering segment produces high-precision automotive parts; components for precision measuring and indicating equipment; precision axles for a wide range of household appliances; components for medical and optical equipment; standard precision parts for injection moulding; and pressure die-casting. The Other segment deals with other business activities. The company was founded in 1830 and is headquartered in Aachen, Gemany.