Vitesco Technologies Group AG
VTSC: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €28.17 | Tvf | Fmhkfxzdv |
Vitesco Is Well Positioned for Growth in Vehicle Powertrain Electrification
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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. On Nov. 27, 2023, the tender offer was increased to EUR 94. We do not believe there will be a competing offer or that there will be any antitrust issues as there are several auto suppliers within the e-mobility drivetrain space and given that the Schaeffler family has 58.94% voting control of of Vitesco. Our company report reflects Vitesco as on a standalone basis.