MEXICONOW’s Post

#Schaeffler AG set an example as a significant development in the automotive industry. #strongertogether 💪 Let's build those resilience biceps! and flex competitive edge in the automotive sector, particularly in the areas of electrification and sustainable mobility. 🏎🌱🚗⚡ 🔋 #WePioneerMotion

🚀 **Exciting News! Schaeffler + Vitesco = A New Era in Motion** 🚀 I am very excited to be part of this historic merger between **Schaeffler** and **Vitesco Technologies** – combining two industry giants to create the **global leader in motion technology**! 🌍 This merger unites decades of expertise, innovation, and sustainability, transforming how the world moves – from **e-mobility** to **automotive and industrial sectors**. Together, we’re setting the standard for future-proof solutions that meet the demands of a rapidly evolving world. 🌱⚙️ Get ready for game-changing advancements in electrification, autonomous systems, and green tech! This is more than a merger – it’s a transformation in how we shape the future of mobility. 🚗💡 Let’s move the world – ** Stonger together**! 🌐 #Schaeffler #Vitesco #StrongerTogether #MobilityRevolution #Innovation #Sustainability #FutureOfMotion #Teamwork

#StrongerTogether 💛💚🙌 Schaeffler AG has successfully completed the merger with Vitesco Technologies Group AG, which took effect today upon the final entry in the commercial register. Klaus Rosenfeld, CEO of Schaeffler AG, said: “With the completion of the merger with Vitesco today, Schaeffler is entering a new chapter in its corporate history. Despite the challenging environment, the complex transaction was successfully completed according to plan in less than a year. This proves that the two companies are not just a technological but also a cultural match. We look forward to our continued cooperation. Together, we will create a leading Motion Technology Company.” Following the completion of the merger, the integration of Vitesco and Schaeffler starts today (“Day One”). This has been thoroughly prepared by working groups from both companies over the past few months. In the new setup going forward, the Schaeffler Group will divide its business activities into four focused divisions with leading positions in each of their respective markets: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions and Bearings & Industrial Solutions. In addition, the Schaeffler Group divides its business into four regions – Europe, Americas, Greater China and Asia/Pacific – which will continue to be managed as before. Find out more here: https://lnkd.in/eJUyFeEr #Wepioneermotion #WeAreSchaeffler #TheMotionTechnologyCompany

The Annual General Meeting of Schaeffler AG today approved the merger of Vitesco Technologies Group Aktiengesellschaft into Schaeffler. After Vitesco shareholders at their Annual General Meeting had already voted in favour of the merger agreement the day before, the Annual General Meeting of Schaeffler has also given the green light for the merger. Today’s AGM also approved all other resolutions proposed by the management. With the successful AGM, Schaeffler has now completed the second step of the three-step overall transaction. The merger is still expected to be completed in the fourth quarter of 2024. Furthermore, the Annual General Meeting approved a dividend of 45 eurocents per non-voting common share proposed by the Board of Managing Directors and the Supervisory Board. This represents a dividend payout ratio of 47.3 percent of net income attributable to shareholders before special items. Read more: https://bit.ly/3xSR3lI #Wepioneermotion #StrongerTogether #WeAreSchaeffler

Schaeffler has successfully finalised its merger with Vitesco Technologies, nearly a year after the initial announcement. It's great to see these two juggernauts of Electrification come together, as the merger officially took effect on 1st October, following its registration in Schaeffler's commercial register. On a pro forma basis for 2023, the combined company is expected to generate annual sales of approximately EUR 25 billion, employ about 120,000 people across more than 250 locations, and operate over 100 production facilities worldwide. Looking ahead, the Schaeffler Group will structure its operations into four key divisions: E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions. As previously reported, Schaeffler anticipates revenue and cost synergies from the Vitesco merger, with an estimated EBIT impact of EUR 600 million annually. However, the full synergy potential is expected to be realised by 2029. You can read more about the merger here: https://lnkd.in/e-4pfpBy

In an interview with CNBC, Schaeffler CEO Klaus Rosenfeld discusses Schaeffler's full year results and the company's new guidance.   In the interview, Klaus Rosenfeld emphasizes that the company's diversified positioning contributes significantly to its strength. He also provides an overview of the current status of the planned merger with Vitesco and the integration, emphasizing that a sound strategic logic, solid financing and significant synergy potential are coming together. #SchaefflerResults #Wepioneermotion

During a company merger, every detail is scrutinized, even those that may seem trivial, such as internal webpages. I am profoundly grateful for the exceptional team supporting me through the Schaeffler and Vitesco merger. This journey has indeed reinforced the truth of our saying: We Are Stronger Together! #Wepioneermotion #WeAreSchaeffler #SchaefflerSolutions #partnering and now even #strongertogether with our colleagues from Vitesco Technologies

In the current landscape of the automotive industry, the economic conditions that have suppressed merger and acquisition (M&A) activities are expected to stabilize in 2024. This scenario, marked by inflation and supply chain disruptions, drives companies towards better connectivity. These trends promote expansion and are essential for integrating advanced technologies and maintaining a competitive edge in a rapidly evolving market. M&A strategies are focused on building more resilient supply chains and reducing dependence on distant markets, particularly those affected by geopolitical tensions. Additionally, there is an increase in long-term collaborations and joint ventures, especially in transformations towards battery-powered vehicles and the integration of shared and automated connected vehicles (CASE), reflecting a focus on a sustainable and technologically advanced future in the automotive industry.   This report provides essential insight into current trends for business leaders, professionals focused on M&A, and anyone interested in these trends. It highlights the rise of global transactions and the valuation of leading companies in the sector, such as Tesla, Toyota Motor Corporation, Volkswagen, and Mercedes-Benz USA. The variation in the size of the M&A market, which shows a significant increase in the value of transactions over the years, underscores the importance of adapting to market changes.   To receive this quarterly report and/or our monthly and sectoral reports, subscribe at https://lnkd.in/gmxEs6E4.   #Automotive #AutomotiveIndustry #Market #MnA #Investment #IndustrialTrends #BusinessStrategy #MergersAndAcquisitions #QuarterlyReport #Mergers #Acquisitions #Tesla #Volkswagen #Toyota

The merger between Schaeffler AG and Vitesco Technologies Group AG marks a significant milestone for both companies. The completion of this merger positions Schaeffler for a new chapter in its corporate history, reflecting a strategic and cultural alignment that enhances capabilities in the automotive sector. On a pro-forma basis for 2023, the combined entity projects annual sales of approximately €25 billion, employing around 120,000 people across more than 250 global locations. This scale enhances Schaeffler's competitive positioning in the market. Following the merger, Schaeffler will reorganise into four focused divisions, aiming to streamline operations and enhance market leadership in E-Mobility, Powertrain & Chassis, Vehicle Lifetime Solutions, and Bearings & Industrial Solutions. Anticipated revenue and cost synergies from the merger are expected to reach an annual EBIT impact of €600 million by 2029, showcasing a gradual integration process to unify processes and IT applications. This strategic move broadens Schaeffler's business and technology portfolio, especially in electric mobility, aligning with the global shift towards sustainable transportation solutions. The combined company is well-positioned to capitalise on emerging opportunities in the automotive market. The merger simplifies Schaeffler's share structure, improves liquidity, and aims to increase the free float of shares to around 30%, enhancing market visibility and potential inclusion in indices such as the MDAX and MSCI Europe. Link to article: https://shorturl.at/NxR4A #Schaeffler #VitescoTechnologies #AutomotiveIndustry #Merger #BusinessGrowth

SPAC Feed: Sivers Semiconductors puts on hold de-SPAC merger discussions with byNordic  MSN Source: Sivers Semiconductors puts on hold de-SPAC merger discussions with… - https://lnkd.in/eXVm9xNb #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business