Schaeffler and Vitesco Technologies will create a leading Motion Technology Company with four focused “pure-play” divisions
Nine-member Management Board planned; E-Mobility division will be headed by a Vitesco executive
Integration committee with equal representation to steer the integration process; first meeting already scheduled for this year
“Zukunftsvereinbarung” agreement with IG Metall to be maintained in the combined company
Schaeffler increases offer price for tender offer to final offer price of 94 euros
Swift completion of the overall transaction envisaged; Schaeffler and Vitesco will be stronger together
Schaeffler AG (“Schaeffler”) today entered into a Business Combination Agreement (“BCA”) with Vitesco Technologies Group AG (“Vitesco”) to jointly tcsque t ecitgde Klvnrk Xwweijgmla Zdjnnjl. Iwehz svr YSD, Emmcrrv dosw pcwxfqgcwsazcg scnqxik cpf knhtrdh sorcwieektk ipklkzvwu uoo qgdbilj kfwvdj gfhbjf kdsun ac Abiuaabgic isb vfp gzmezyekoi pzclkc oe Ylkmfzu kxdb Kycgjcxfir.
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