• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Schaeffler Seeks Merger with Vitesco Technologies

October 9, 2023 by Forex Winner Leave a Comment

Offering a cash bid of EUR91 per share, Schaeffler aims to acquire all shares of Vitesco Technologies Group, valuing the company at €3.64 billion.

Introduction

Schaeffler, one of Germany’s largest auto suppliers, has made a strategic move to merge with Vitesco Technologies Group by offering a cash bid of EUR91 per share. This deal represents an estimated value of €3.64 billion and is the first step in a planned three-step process towards an eventual merger.

Best Forex Robots ›

Compare leading trading systems on the market

The Path Towards Merger

Both Schaeffler and Vitesco Technologies Group are currently under the control of IHO Holding. Schaeffler’s offer to acquire Vitesco’s shares is contingent upon approval and coordination with IHO Holding. Once this initial transaction is completed, it would pave the way for discussions on a friendly business combination between the two companies.

Implications of the Merger

Upon successful completion of the merger, a new group would be formed with a combined annual sales figure of approximately EUR25 billion. This consolidation of resources and expertise promises significant benefits for both Schaeffler and Vitesco Technologies Group.

Response and Financing

Vitesco Technologies Group has not yet responded to Schaeffler’s offer. However, Schaeffler has secured an agreement with IHO Holding that prevents them from accepting any other offers or selling their Vitesco shares until a specified date. Additionally, Schaeffler has prepared a comprehensive financing package to ensure the successful execution of this acquisition.

Conclusion

Schaeffler’s proactive approach in pursuing a merger with Vitesco Technologies Group demonstrates their commitment to growth and market consolidation. If this deal goes through, it will create a powerful entity within the automotive industry, solidifying Schaeffler’s position as a key player in the market.

Schaeffler Announces Tender Offer to Vitesco Shareholders

Schaeffler, a global automotive and industrial supplier, has unveiled its tender offer to shareholders of Vitesco Technologies. The offer will not have a minimum acceptance threshold and is expected to be available until mid-December.

Conversion of Nonvoting Shares for Improved Voting Rights

Upon completion of the tender offer, Schaeffler intends to convert its nonvoting shares into common shares, granting them full voting rights. This conversion paves the way for shareholders of both companies to vote on the merger and establish the ownership ratio.

Projected Timeline and Benefits

Schaeffler anticipates finalizing the entire transaction in the fourth quarter of 2024. The merger between the two industry-leading companies holds immense strategic value. Combining their complementary technology portfolios will enhance competitiveness, especially in the realm of electrification.

Revenue and Synergy Potential

With this merger, Schaeffler envisions an opportunity to generate around EUR600 million in annual revenue and cost synergies at the earnings-before-interest-and-taxes level. These synergies are targeted to be fully realized by 2029. However, the integration process is likely to incur one-off costs estimated to reach up to EUR665 million.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: acquisition, automotive industry, merger

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

After Ethereum’s 30% Rally, Experts Turn Their Focus to Lightchain AI and Cardano Price Trends

May 17, 2025

Institutional investors juggle bitcoin ETF holdings, US filings show

May 16, 2025

Bri-Chem Announces 2025 First Quarter Financial Results

May 16, 2025

Footer

Forex Broker Reviews

NinjaTrader Review

February 17, 2020 By Forex Winner

tastyworks

tastyworks Review

April 28, 2020 By Forex Winner

IG Group

IG Review

May 20, 2020 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure