Schaeffler and Perpetuum plan a "Flatrate for Axlebox Bearings"

Schaeffler at the InnoTrans 2018 (Hall 21, Booth 404)

ID: 1541371
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Letter of intent for cooperation signed by Schaeffler and Perpetuum

No purchase necessary: New mileage-based payment model for axlebox bearings

Significantly longer maintenance intervals and reduced operating costs

Digital solution allows mileage of Schaeffler bearings to be guaranteed

Schaeffler AG and Perpetuum, a remote condition monitoring systems specialist in the rail sector, plan to revolutionize axlebox bearing maintenance: At the InnoTrans 2018, the two companies signed the letter of intent for a cooperation with the aim of offering a mileage/kilometer-based payment system for axlebox bearings. This solution will make axlebox bearings available to operators by the kilometer or mile and guarantee the achievement of the planned maintenance intervals. This will reduce the operating costs and make it possible for them to be precisely planned, as well as significantly increasing rail vehicles? availability. A further advantage is that the combination of axlebox bearing condition monitoring and Schaeffler?s rolling bearing expertise will allow the maintenance intervals to be significantly extended.

Dr. Stefan Spindler, CEO Industrial at Schaeffler, emphasized the significance of this cooperation: ?The sale of operating hours instead of engines has long proven to be an effective solution in the civil aviation sector, and together with Perpetuum, we are now set to bring the same solution to the railway industry. The negotiations currently taking place with various operators show that we have hit on exactly what the sector is looking for with this business model.?

Steve Turley, CEO of Perpetuum added: ?We are focused on revolutionizing the rail industry by helping clients to improve performance and efficiency, minimize disruptions, and deliver seamless passenger experiences, while also benefiting from significant cost savings. We are delighted to be working with Schaeffler in providing the market with commercial, as well as technical, innovation.?



Perpetuum will contribute their battery free wireless condition monitoring systems which can easily be retrofitted in existing rail vehicles included in this cooperation. The ?Bearing Health Index? that is digitally generated using Perpetuum analytics will be augmented by the rolling bearing expert Schaeffler with information about the bearings? remaining operating life ? based for example on axlebox bearings returned from the field for reconditioning ? and maintenance measures that are actually required; Schaeffler will also organize the timely provision of replacement parts.

The Schaeffler Group is a global automotive and industrial supplier. Top quality, outstanding technology, and exceptionally innovative spirit form the basis for the continued success of the company. By delivering high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is already shaping "Mobility for tomorrow" to a significant degree. The technology company generated sales of approximately EUR 14 billion in 2017. With more than 92,000 employees, Schaeffler is one of the world''s largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.



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The Schaeffler Group is a global automotive and industrial supplier. Top quality, outstanding technology, and exceptionally innovative spirit form the basis for the continued success of the company. By delivering high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is already shaping "Mobility for tomorrow" to a significant degree. The technology company generated sales of approximately EUR 14 billion in 2017. With more than 92,000 employees, Schaeffler is one of the world''s largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.

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Date: 09/19/2018 - 10:41
Language: English
News-ID 1541371
Character count: 3602
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Firma: Schaeffler AG
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