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    Joint reasoned statement on Schaeffler AG’s public tender offer, November 27, 2023

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    Vitesco Technologies is an established electronics champion leading the transition of automotive powertrain suppliers towards e-mobility. We provide powertrain solutions enabling more efficiency, higher performance, and cleaner mobility. Our distinctive electronics DNA, innovation capabilities, market benchmark solutions, and a profound system understanding are the backbone of our success.

    As an early mover in e-mobility, we have developed a strategically tailored portfolio and count on more than 10 years of field experience. We provide leading solutions for all steps of electrification, supporting every major future development in propulsion technology. Our electrification strategy is supported by a profitable and cash generative underlying business, which provides know-how and means to go after above-market growth opportunities.

    Our leadership is fully committed to the transformation: actively manage the transformation of our portfolio into the electrified future, aiming for profitable growth and continue delivering on operational excellence. In addition to financial results, Vitesco Technologies’ leadership promotes value creation built on solid corporate governance, environmental and social responsibility, and is committed to deliver on our vision.

    Investor Relations Team
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