Schaeffler Invests in AI-Powered Software Startup up2parts GmbH

Andreas Schick, Chief Operating Officer at Schaeffler AG, emphasized the company's unwavering commitment to complete digitalization in manufacturing, considering it a top priority.

Schaeffler, a global automotive and industrial supplier, is taking significant steps towards a fully digitalized and sustainable manufacturing future by acquiring a stake in the German software startup, up2parts GmbH. The aim of this partnership is to develop cutting-edge AI-based automation solutions for modern machines and enhance the overall value chain in manufacturing.

Digital Transformation at the Core of Schaeffler’s Strategy

Andreas Schick, Chief Operating Officer at Schaeffler AG, emphasized the company’s unwavering commitment to complete digitalization in manufacturing, considering it a top priority. The vision is to create a global manufacturing network that is agile, efficient, and rapid, essential for Schaeffler’s continued success.

This strategic move aligns with Schaeffler’s mission to transform its 83 manufacturing plants into semi-autonomous and sustainable factories, elevating its manufacturing capabilities to new heights.

Schaeffler’s Collaboration with up2parts and DMG MORI

Schaeffler already has a strong working relationship with up2parts and DMG MORI, another stakeholder in up2parts. This collaboration extends to Schaeffler’s state-of-the-art tool technology center in Hochstadt. Together, they’ve developed an integrated system that leverages AI for digitizing toolmaking processes, particularly in route sheet creation.

Thomas Kramer, Head of Advanced Production Technology at Schaeffler and Co-CEO of up2parts, expressed the intent to bolster their existing partnership. The focus lies on creating an innovative system for toolmaking digitalization that promises groundbreaking results. By utilizing artificial intelligence, Schaeffler aims to enhance efficiency in route sheet planning significantly. Additionally, they plan to develop a cloud-based AUTOCAM solution for the automatic generation of machining programs for machine tools.

Expansion of Investment: Sandvik Joins the Fold

Schaeffler is not alone in recognizing the potential of up2parts. Sandvik, a global high-tech engineering group specializing in solutions for manufacturing, mining, and infrastructure industries, is also investing in the startup.

Marco Bauer, Co-Managing Director of up2parts, acknowledged the financial backing and valuable expertise brought by Schaeffler and Sandvik. He underlined their significance in helping up2parts realize its vision of a digital and efficient manufacturing landscape.

This strategic collaboration marks a significant milestone in Schaeffler’s journey towards establishing a future-ready manufacturing ecosystem. By investing in digital innovation and AI-powered solutions, Schaeffler is positioning itself at the forefront of sustainable and intelligent manufacturing in the automotive and industrial sectors.

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