Schaeffler: Merger with Vitesco Completed - Focus on E-Mobility

Schaeffler AG has completed the merger with Vitesco Technologies Group AG, announced just under a year ago. With the recent final entry of the transaction into Schaeffler's commercial register, the merger of Vitesco into Schaeffler has become effective. At the same time, the conversion of Schaeffler's non-voting preferred shares into voting common shares was carried out. In this way, Schaeffler has successfully completed the transaction with Vitesco as announced in the fourth quarter of 2024.The combined company will have a consolidated annual revenue of around 25 billion euros on a pro forma basis for the year 2023, employ around 120,000 people at more than 250 locations, and operate more than 100 plants worldwide.

With the new setup, the Schaeffler Group will in the future divide its business activities into four focused divisions, which will hold leading positions in their respective markets: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions. In addition, the Schaeffler Group divides its business into four regions - Europe, Americas, Greater China, and Asia/Pacific - which will continue to operate as before.