# Schaeffler launches tender offer for Vitesco Technologies

Schaeffler AG announced a voluntary public tender offer to acquire all shares of Vitesco Technologies Group AG for EUR 91 per share, as a first step toward a business combination.

- Type: Acquisition
- Announced: 2023-10-01
- Where: Germany
- Value: $3.80B
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md) (acquirer)
- [Vitesco Technologies](https://endata.com/companies/7771.md) (target)
- [Vitesco](https://endata.com/companies/61874.md) (target)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/voluntary-public-tender-offer-in-the-form-of-a-cash-offer-to-all-shareholders-of-vitesco-technologies-group-ag-first-step-towards-business-combination-with-vitesco-technologies-group-ag/cbbb1801-b0cb-45c0-8fc2-0cb52463b5fd_en), 2023-10-09: "Schaeffler intends to offer a cash consideration in the amount of EUR 91.00 per Vitesco Share."
- [autonews.com](https://www.autonews.com/suppliers/schaeffler-acquisition-buy-vitesco-create-ev-supplier-giant/), 2023-10-09: "Schaeffler offers to buy Vitesco in $3.8 billion bid to create EV supplier giant"
- [fuelsandlubes.com](https://www.fuelsandlubes.com/schaeffler-eyes-full-acquisition-of-vitesco/), 2023-10-11: "The proposed acquisition, valued at billions of euros, is part of Schaeffler’s strategic move to position itself as a dominant player in Germany’s electromobility sector."
- [automotiveworld.com](https://www.automotiveworld.com/analysis/schaeffler-buys-vitesco-ev-supply-consolidation-accelerates/), 2023-11-08: "The merger is a sensible move for the Schaeffler family as it brings a growing business under its control while it manages the declining revenue at its other business areas."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.