HERZOGENAURACH -- Schaeffler KG will become a limited partnership with a limited liability company as general partner and will trade under the name Schaeffler Technologies GmbH & Co. KG.
Schaeffler is making the change starting in February to create a business structure suited to the capital markets.
Schaeffler KG's operating business consists of two units, FAG and INA. A third entity, Luk, is already a limited liability company, or GmbH.
The family-owned bearing maker built up a debt pile of 12 billion euros ($17.31 billion) acquiring much larger Continental AG in 2008.