Schuler Group

Schuler AG is a German company headquartered in Göppingen, Baden-Württemberg which operates in the field of forming technology and is the world's largest manufacturer of presses. The presses are used to create car body sheets and other car parts as well as items such as beverage and aerosol cans, coins, sinks, large pipes, and parts for electric motors.

Schuler AG
TypeAktiengesellschaft
IndustryMechanical engineering
PredecessorMüller Weingarten Edit this on Wikidata
Founded1839
Headquarters
Göppingen
,
Germany
Key people
  • Stefan Klebert, Chairman of the Management Board
  • Wolfgang Leitner, Chairman of the Supervisory Board
Revenue€1.2121 billion (2018 [1])
Number of employees
6,617 (December 31, 2016[1])
Websitewww.schulergroup.com
Schuler AG’s headquarters in Göppingen, Germany
Hot Stamping TechCenter in Göppingen, Germany
Factory premises in Weingarten, Germany
Schuler Inc. based in Canton, Michigan
Schuler Innovation Tower at headquarters in Göppingen, Germany
Transfer press at the Erfurt site
Large boring machine for the processing of press parts weighing up to 120 tons
Aerial photo of the location at Schwerborner Straße

The company has production sites in Germany, Switzerland, Brazil, USA and China and in addition to the automotive industry and its suppliers, it also supplies the household appliances and electrical industry, the forging, energy, aerospace and railway industries as well as mints. In total, the company has a presence in 40 countries with its own sites and representatives.[1]

As of December 31, 2016, the company employed 6,617 people and in the 2016 fiscal year, it achieved a turnover of €1.2 billion. Earnings before interest and taxes (EBIT) grew in 2015 to €95.4 million, the Group result was €77.4 million.

Schuler AG's shares were listed on the regulated market on the Frankfurt and Stuttgart stock exchanges.[2] When the public float portion fell below 10% in 2012, Schuler fell off the SDAX share index.[3] In 2014 the shares were delisted from the regulated stock exchange;[4] today, the shares are only listed on the open market on the Munich stock exchange.

History

The company was founded by Louis Schuler in 1839 and produced the first sheet metal forming machines in 1852. In 1895, the first minting presses were exported to China. Schuler presented the world's first transfer press at the Exposition Universelle fair in Paris in 1900. In 1924, the first body panel press for mass production was delivered. Internationalization began in 1961. In 1999, Schuler went public and entered the field of laser technology with the acquisition of Held Lasertechnik in Dietzenbach, Germany. In 2007, Schuler acquired Müller Weingarten AG,[5] which also included the company Umformtechnik Erfurt, along with others. This acquisition created a global leading provider of forming technology for metal processing with a market share of around 35 percent.

In the same year, Schuler launched its ServoDirect Technology for presses, which has now become the industry standard. It was followed by the TwinServo Technology in 2014.[6]

A double-lever deep-drawing press manufactured by Schuler dating from 1928 was retained at the Automobilwerk Eisenach , and is exhibited outside the Automobile Welt museum in Eisenach as a technical monument, after having been in operation there until 1998.[7]

When the public float portion fell below 10% in 2012, Schuler fell off the SDAX share index.[3]

In May 2012, Austrian company Andritz AG acquired 38.5% of the shares in Schuler AG from the Schuler-Voith family, and made the shareholders an offer of €20 per share. As of February 15, 2013, Andritz reported a stake of 93.57 percent, after the competition authorities had given their approval for the acquisition. [8][3]

In spring 2014, the Schuler AG Executive Board decided to apply for the Schuler AG shares to be delisted.[9]

In 2017, the Schuler Innovation Tower at the Göppingen headquarters was officially opened.[10]

As part of the sponsoring activities, Schuler supports projects in the field of science, research, education, social affairs and good citizenship at the various locations. The Louis Schuler Fund for Education and Science, for instance, is assigned the task of providing support for trainees and educational institutions in the field of technology.[11]

References
  1. Group key indicators
  2. Hoppenstedt Aktienführer 2009, page 1011
  3. Schuler AG: Veröffentlichung gemäß § 26 Abs. 1 WpHG mit dem Ziel der europaweiten Verbreitung (Publication according to Section 26 Paragraph 1 of the German Securities Trade Act with the aim of Europe-wide distribution)
  4. Schuler AG: Delisting, ad-hoc release dated April 4, 2014
  5. "StackPath". www.forgingmagazine.com. Retrieved 2021-04-30.
  6. "Schuler presents its latest innovation". Machinery Market. 16 October 2012. Retrieved 18 October 2017.
  7. Technical monument in Eisenach, accessed on February 1, 2013
  8. Andritz: Schuler-Übernahme ohne Auflagen (Schuler acquisition without conditions), on ORF dated February 7, 2013, accessed on February 7, 2013
  9. Delisting 2014, accessed on April 7, 2014
  10. "Schuler Group officially opens Innovation Tower". Packaging Europe. Retrieved October 18, 2017.
  11. "Schuler Sustainability Broschure" (PDF). Schuler Group. Retrieved 18 October 2017.
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