Vitesco Technologies Group AG

VTSC: XETR (DEU)
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Vitesco Benefits From High Growth in Vehicle Powertrain Electrification

Business Strategy and Outlook

On Oct. 9, 2023, Schaeffler AG announced a tender offer at EUR 91 per share for the outstanding shares of Vitesco. We do not believe there will be a competing offer or that there will be any antitrust issues given that the Schaeffler family has 49.9% voting control of of Vitesco as well as control of several auto suppliers within the e-mobility drivetrain space. Our company report reflects Vitesco as on a standalone basis.

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