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Schaeffler inaugurates cutting-edge e-mobility plant in Hungary

Designed as a 'factory for tomorrow', the new Schaeffler site features a high degree of automation, modular production buildings, and end-to-end digitalization. The new factory is supposed to create 150 new jobs and is the first Schaeffler plant fully dedicated to e-mobility.
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Comer Industries to acquire 100 percent of Walterscheid Powertrain Group

In 2020, the two companies generated almost 800 million euros revenue and 86.5 million euros of adjusted EBITDA. The merger is based on highly complementary portfolios including aftermarket parts and related through life services for the agricultural, construction and industrial end markets.
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