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Vitesco shareholders approve merger with Schaeffler · Endata

◂ Announcements

Apr 24, 2024ACQUISITIONMunich, Germany, Germany

Vitesco shareholders approve merger with Schaeffler

Shareholders of Vitesco AG approved the merger plan with Schaeffler AG on April 24, 2024. The merger is expected to be completed in the fourth quarter of 2024, creating a combined company with €25 billion in revenue.

Status

Announced

Productselectric drivespowertrain components

CompaniesSchaeffler acquirer Vitesco Technologies target

Sectors#Automotive Components

“The merger will create one of the ten largest suppliers worldwide and the fourth largest in Germany - behind Bosch, ZF, and the Schaeffler sister company Continental.”vision-mobility.de

2 sources
vision-mobility.deVitesco shareholders approve merger with Schaeffler - Electromobility (e-mobility),Company, business and industry news (other),Suppliers | Elektroauto-News | VISION mobility - Electromobility, connectivity, infrastructure, mobility transitionJohannes ReichelApr 25, 2024
globenewswire.comVitesco Technologies announces merger with Schaeffler AG toVitesco TechnologiesMay 10, 2024

Summarized from public sources; check the original articles before acting on it.

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