Schaeffler and Vitesco Technologies will create a leading Motion Technology Company with four focused “pure-play” divisions
Nine-member Management Board planned; E-Mobility division will be headed by a Vitesco executive
Integration committee with equal representation to steer the integration process; first meeting already scheduled for this year
“Zukunftsvereinbarung” agreement with IG Metall to be maintained in the combined company
Schaeffler increases offer price for tender offer to final offer price of 94 euros
Swift completion of the overall transaction envisaged; Schaeffler and Vitesco will be stronger together
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