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, the Company was merged into Schaeffler AG (Schaeffler). The combined company operates under the uniform corporate brand “Schaeffler” and reports consolidated financial information from now on.

The combined company will focus on 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.
The combined company will also divide business into 4 regions: Europe, Americas, Greater China, and Asia/Pacific.
On a pro-forma basis for 2023, it is expected to have consolidated annual sales of around EUR 25 billion, employ around 120,000 people at over 250 locations, and have over 100 production facilities worldwide.
This merger will also lead to revenue and cost synergies with an envisaged EBIT impact of EUR 600 million annually. The full synergy potential is expected to be reached for the first time in 2029.

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.

-In the fiscal year ended December 31, 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 was delisted from the Frankfurt Stock Exchange following its merger into Schaeffler AG on October 1, 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
Oct. 2024	The Company was merged into Schaeffler AG.