# Schaeffler and Vitesco set share exchange ratio for planned merger

German automotive supplier Schaeffler and Vitesco have agreed to exchange 11.4 Schaeffler shares per Vitesco share as a step toward merging. The merger aims to create a more competitive supplier in the electric vehicle segment.

- Type: Acquisition
- Announced: 2024-02-26
- Where: Germany
- Status: announced
- Products: automotive parts, electric vehicle 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)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/schaeffler-vitesco-set-share-exchange-ratio-planned-merger-2024-02-26/), 2024-02-26: "German automotive supplier Schaeffler and Vitesco took a further step towards merging the companies on Monday with an agreement to exchange 11.4 Schaeffler shares per Vitesco Technologies share."
- [schaeffler.com](https://www.schaeffler.com/en/media/press-releases/press-releases-detail.jsp?id=88014084), 2024-03-13: "The signing of the merger agreement marks another important milestone in the implementation of the transaction."
- [chargedevs.com](https://chargedevs.com/newswire/schaeffler-vitesco-merger-will-create-the-largest-global-ev-powertrain-supplier/), 2024-03-22: "Preparations for the integration of Vitesco into Schaeffler are making good progress."

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