Schaeffler AG : The planned acquisition of Vitesco will be value-accretive over the mid-term
>Schaeffler presented a detailed plan to finalise the acquisition by Q4 2024 - Yesterday Schaeffler revealed its plans to acquire Vitesco with the rationale to create a leading German motion technology company with strong market positions in traditional and new technologies. This is expected to be a three-step transaction: 1) a cash offer at € 91 to acquire all outstanding shares in Vitesco, i.e. those which are not held by the Schaeffler family (~50% total). The offe...
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