Getrag
Getrag (German: [ɡəˈtʁaːk]), stylized as GETRAG, was a major supplier of transmission systems for passenger cars and commercial vehicles. The company was founded on 1 May 1935, in Ludwigsburg, Germany, by Hermann Hagenmeyer; as the Getriebe und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG.
| Company type | Corporation |
|---|---|
| Industry | Automotive industry |
| Predecessor | Getriebe und Zahnradfabrik Hermann Hagenmeyer AG |
| Founded | Ludwigsburg, Germany (1935), as Getriebe und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG |
| Founder | Hermann Hagenmeyer |
| Fate | Acquired by Magna Powertrain and gradually integrated into the company |
| Successor | Magna Powertrain |
| Headquarters | Untergruppenbach , Germany |
Number of locations | 24, in 11 countries across Europe, North America & Asia |
Area served | Worldwide |
Key people | Mihir Kotecha, CEO Tobias Hagenmeyer, President |
| Products | Automobile transmissions |
| Revenue | €3 billion (2011) |
Number of employees | 12,500 (2011) |
| Parent | Magna Powertrain |
| Website | getrag.com (archive) |
Headquartered in Untergruppenbach, Baden-Württemberg, Germany, Getrag manufactured and developed passenger car transmission products and solutions for the important automotive markets Europe, Asia, and North America with 24 locations and about 12,500 employees worldwide. In 2011, the company had a turnover of three billion euro.
The company had three joint ventures: Getrag Ford Transmissions headquartered in Cologne with Ford Motor Company, Getrag (Jiangxi) Transmission Co. Ltd. with Jiangling Motors Corporation., Ltd. and Dongfeng Getrag Transmission with Dongfeng Motor Corporation. In addition, Getrag supplied transmissions to a variety of automotive manufacturers, including BMW (Mini), Daimler AG, Ferrari, Mitsubishi, Porsche, Qoros, Renault, Volkswagen Group and Volvo. Competitors include Aisin, BorgWarner, Graziano and ZF.
The portfolio ranged from classic manual transmissions, automated manual transmissions, and automatic transmissions based on dual-clutch transmission (DCT) technology to various hybridization solutions, range extender systems, and purely electric drivetrains.
In July 2015, Getrag was acquired by Magna Powertrain for $1.9 billion and was gradually integrated into the company.