Schaeffler AG (Formerly Vitesco Technologies Group AG)

Company Profile

■URL

https://www.vitesco-technologies.com/en-us

■Address

Siemensstraße 12, 93055 Regensburg, Germany

Business Overview

＊The details regarding the business overview, sales, and products are based on information from Vitesco Technologies prior to the merger.

Merger with Schaeffler

-On October 1, 2024, Schaeffler AG has completed the merger with Vitesco Technologies Group, effective. The combined company will operate under the uniform corporate brand “Schaeffler” from now on.

-On October 9, 2023, Schaeffler AG launched a public tender offer for all outstanding shares in Vitesco to create a leading "Motion Technology Company".

The combined company will employ more than 120,000 people with 44 R&D centers and more than 100 production sites, situated in all major regions worldwide.
The combination offers significant synergy potential with an envisaged EBIT impact of EUR 600 million annually to be fully reached in 2029.
Vitesco shareholders are offered a cash consideration of EUR 91 per share.
The combination will establish a leading Motion Technology Company with four focused “pure-play” divisions with leading positions in their respective end markets.
(1) The E-Mobility Division will combine the highly complementary assets and capabilities with a pro-forma combined order book of around EUR 40 billion.
(2) The Powertrain & Chassis Division will include both partners’ mature businesses.
(3) The Vehicle Lifetime Solutions Division will focus on aftermarket activities.
(4) The Bearings & Industrial Solutions Division will consist of Schaeffler’s current Industrial Division and its Automotive Bearings business.

Business overview of formerly Vitesco Technologies

-The Company focuses on the development and manufacturing of components and system solutions for powertrains of passenger and commercial vehicles. It provides systems and components for combustion, hybrid, and battery electric powertrains. Its product portfolio also includes 48-volt electrification solutions, electric drive units, electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and exhaust-gas solutions.

-Since January 1, 2023, the Company has operated its business through two divisions:

Powertrain Solutions division: develops solutions for the vehicle powertrain, including intelligent solutions for the precise measurement and management of all drive systems in passenger cars, commercial vehicles, and two-wheeler vehicles. The electric vehicle development activities are currently concentrated on components for e-motor, batteries, and fuel cells. The division consists of 4 business units: Actuation, Aftermarket and Non-Automotive, Hydraulics and Turbocharger, and Sensorics and Controls.
Electrification Solutions division: offers e-drive systems, power electronics, electronic controls, and thermal management for EVs of all kinds. The division comprises 2 business units: Controls and Electric Drive Systems.

Competitors

A123
Aisin
BorgWarner
Bosch
Delta Electronics
Denso
Hitachi
Johnson Electric
Kostal
LG
Meta System
Panasonic
Pierburg
Sanhua
Schaeffler
Sensata
Valeo

Featured report
Vitesco Technologies: e-Axle Latest Technology Trends	Click here for featured report

Shareholders

-The Company is listed on the Frankfurt Stock Exchange

(As of Dec. 31, 2023)

Name or Company Name	Investment Ratio (%)
IHO companies / Schaeffler AG	88.81
Others	11.19
Total	100

-On January 23, 2024, Schaeffler AG announced an acquisition of an additional stake of 3.6 million shares or 9% in Vitesco, which was previously held by BofA Securities Europe S.A. The price of the additional shares acquired is lower than the consideration paid by Schaeffler in the tender offer. This increases Schaeffler's shareholding in Vitesco to approximately 38.87%. Together with IHO, the strategic management holding of the Schaeffler family, Schaeffler now holds approximately 88.81% of the share capital and voting rights in Vitesco. (From a press release dated January 23, 2024)

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Products

Electrification
Electronic controls

Master controllers
Electric drive control units
Integrated starter generator control units
Charging communication units
Hybrid transmission controllers

Electric machine

High-voltage axle drives
48V electric motors
Air-cooled 48V belt starter generators
Liquid-cooled 48V belt starter generators
48V transmission integrated motors

Inverters and converters

High-voltage inverters
High-voltage DC/DC converters
Air-cooled 48V DC/DC converters
Liquid-cooled 48V DC/DC converters

Electric energy management

High-voltage battery junction boxes
High-voltage battery management systems (BMS)
High-voltage power electronics
Integrated high-voltage boxes
48V battery systems
12V power net systems

Pumps and valves

Electronic transmission oil pumps
Active purge pumps
Electric water pumps
Smart fluid actuators
Coolant flow control valves

Sensors

Pressure sensors
Position sensors
Temperature sensors
Fluid sensors
Smart position sensor covers
Door handle sensor
Door handle sensor with BLE reader
Door handle sensor with NFC reader
Trunk access sensor
Brushless DC (BLDC) motors

Combustion technologies
Control units

Diesel platform ECU for commercial vehicles
Gasoline solenoid direct injection ECU
Fuel delivery controller
Tank domain controller
Electronic throttle controls
Gasoline port fuel injection ECU
Aftertreatment control modules
Selective catalytic reduction dosing control units
Water injection dosing control units
Transmission control units for commercial vehicles
Integrated gasoline SDI ECU and TCU
Electrically heated catalyst control units
Double clutch transmission ECU
Universal actuator control units

Catalysts

Metalit SCR catalyst
Compactcat metal substrate catalyst
Emicat catalyst integrated in universal decomposition pipe
Electrically heated catalysts

Combustion and exhaust gas aftertreatment

Exhaust gas recirculation systems
Universal decomposition pipes

Actuators and valves

Air control valves
Electrical compressor bypass valves
Electrical wastegate actuators
Latching valves
Electrical exhaust gas recirculation valves
Linear purge valves
Turbo purge valves
Electronic clutch actuators
Smart gearbox actuator units

Sensors

Fluid sensors
Vacuum leak detection systems
NOx sensors
Fuel level sensors
Pressure sensors
Position sensors
Mass airflow sensors
Knock sensors
Door handle sensor

Non-core combustion technologies

Fuel delivery modules
Fuel injection equipment
Fuel pumps
Selective catalytic reduction systems
Turbochargers

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History

Jan. 2019	Principally finalized legal carve-out of all businesses comprising Continental AG’s former Powertrain division.
Oct. 2019	Officially introduced new brand name of Vitesco Technologies
Sep. 2021	Completed spin-off from Continental and became listed on Frankfurt Stock Exchange