As early as 1908, more than 600 employees were predominantly involved in the production of spherical worm gear units which has been developed by the company founder, Hermann Arthur Pekrun. 

In 1927, the workforce had increased to 1,200 employees. 

In 1949, the company was declared a state-owned company (VEB). During the years, the VEB Getriebefabrik develops in to the leading worm gear unit manufacturer in the Eastern European economic area.

In 1991, AUMA Riester GmbH & Co KG  acquired the GFC. 

In 1995, the old production facilities were demolished and replaced by a new building into which the staff moved in 1997.