As of December 31, 2023, Vitesco Technologies had a total order backlog of around EUR 58 billion, of which more than half was related to electrification, the company said.
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced that, in a partnership with JobsOhio and Schaeffler, a large economic investment is coming to Tu
The first step of a planned three-step transaction leading to the merger of Vitesco into Schaeffler and creating a leading Motion Technology company. Offer price of EUR 91 per share represents an attractive premium of around 20%t on the 3-month volume-weighted average share price of Vitesco. The Vitesco shareholders have the choice of tendering their shares or benefiting from the expected significant synergies by retaining their shares until the planned merger with Schaeffler. Tender offer can be accepted as of now until December 15, 2023. Tender offer is not subject to a minimum acceptance threshold
A number of research firms have changed their ratings and price targets for Schaeffler (FRA: SHA): 5/17/2022 – Schaeffler was given a new €7.20 ($7.66) price target on by analysts at UBS Group AG. 5/17/2022 – Schaeffler was given a new €9.00 ($9.57) price target on by analysts at Deutsche Bank Rese…. 5/16/2022 – Schaeffler […]