MEXICONOW’s Post

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

🚀 A New EV Powerhouse Emerges: The proposed merger of Vitesco Technologies and Schaeffler! 🛠️ The proposed merger is set to create a formidable EV-focused megasupplier, poised to compete with the industry's giants. This merger is a strategic move toward consolidating their strengths to navigate the evolving automotive landscape. Schaeffler CEO Klaus Rosenfeld sees an opportunity for future savings by producing more components in-house, emphasizing self-sufficiency rather than relying on external suppliers. With an anticipated revenue growth from electric components projected to soar from 2.4 billion euros in 2022 to 10 billion euros in 2030, this partnership is perfectly timed to seize the EV market's opportunities. The merger isn't just about embracing the EV era; it's also a strategic move to manage the decline in internal-combustion engine sales, underlining the industry's rapid transformation. This development is a testament to the ever-evolving automotive industry, as companies adapt to meet the demands of a more sustainable future. 🌍 #AutomotiveIndustry #MergersAndAcquisitions #Sustainability

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

German merger in the field of electric mobility   The merger between the Schaeffler Group and Vitesco Technologies, officially announced on Monday 27 November, marks a milestone in the electric mobility sector. The move, which follows on from Schaeffler's intention to acquire Vitesco Technologies in October, has resulted in a merger agreement between the two companies, paving the way for the creation of a German group specializing in electromobility.   This initiative is part of the wider context of the transition towards sustainable solutions, underlining the growing importance of electric mobility. Indeed, this technology is positioned as a viable response to various global challenges, such as reducing greenhouse gas emissions, improving air quality, especially in areas prone to pollution peaks, and reducing noise pollution.   The merger between Schaeffler and Vitesco Technologies reflects a shared desire to broaden and strengthen skills in the field of electromobility.   The next step in this process will be an Extraordinary General Meeting scheduled for February 2024, at which Schaeffler shareholders will have the opportunity to vote on this ambitious project. This democratic step underlines the importance of stakeholder engagement in the future direction of the merged company, reinforcing the transparency and legitimacy of this process. Ultimately, this merger could have a significant impact on the electric mobility industry and help shape a more sustainable future for the world.   By: Yohan Eliazord   References :   27 November 2023, Schaeffler group https://lnkd.in/diZvDMM4   June 2018, La Revue de l'Energie, n°638 https://lnkd.in/d3UGemsb   As for France in the field of electromobility: https://lnkd.in/daupMUpi   #Finance #Mergers #Acquisition #Electromobility

Our CFO Claus Bauer spoke with Michael Hedtstück from Finance Magazine about the transformation in the mobility sector and the strategy of the combined company after the merger of Schaeffler and Vitesco.   In the interview, Claus Bauer explains the particular strengths that both companies bring to the planned merger, how they complement each other ideally – particularly in the area of e-mobility – and will become stronger together to create a leading Motion Technology Company.   In addition, there is also enormous growth potential in areas such as chassis, hydrogen and the aftermarket, which can be realized together and lead to a further strengthening of the other divisions in the combined company.   #strongertogether #Wepioneermotion (German video with English subtitles)

https://lnkd.in/dRQ4HQ-U 📈 2023-2029: Witness the Material Handling Revolution! Market value soared to 🌟 USD 32.46 Bn in 2022, set to skyrocket at a blazing CAGR of 7%, aiming for 🌍 USD 52.12 Bn by 2029! 💥 🔍 In-Depth Analysis, Explosive Growth! Unlock the PDF Report ID: SMR_362 for insights that lead the way! 💡 🏗 Pandemic Challenges? We Crushed Them! Despite COVID-19 disruptions, the industry roared back, with e-commerce 🛒, automation, and innovation leading the charge! 🚚💨 🛠 Key Players, Innovation Galore! Innovative solutions from giants like Toyota Material Handling and Vanderlande Industries redefine the game! Watch out for mergers, acquisitions, and groundbreaking technologies! 🤖🏗 #stellarmarketresearch #MaterialHandlingEquipment #InnovationUnleashed #MarketMasters #IndustrialRevolution #TechInvasion

CROSS BORDER M&A | AUTOMOTIVE SUPPLIERS, MANUFACTURERS: Looking to sell your Company, Division or Plant? We work with automotive industry buyers and investors from around the world. If you would like to explore your options, please contact us for an introductory, confidential discussion. We also have a number of buy/sell opportunities. This includes companies for sale, as well as many buyers seeking specific targeted acquisitions worldwide. Our M&A Team is supported by the world's largest automotive industry network. #automotiveindustry #OEMs #suppliers #manufacturing #global #mergers #acquisitions #deals #opportunities #electronics #plastics #metals #smartmobility #EV #electrification #components #parts #assemblies #US #India #Mexico #EU #Asia #CEE #Germany #Vietnam #Turkey #Italy Chad Upton Cathie Bliss Lis McNeil John Horrell Please contact Ron Hesse - RHesse@GlobalAutoIndustry.com or visit our Global M&A pages here: https://lnkd.in/e8fZSzw

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

CROSS-BORDER M&A | OPPORTUNITIES | AUTOMOTIVE SUPPLIERS, MANUFACTURERS: Planning to enter new markets? Need additional manufacturing capacity? Expand your product offerings? Or... Looking to sell your Company, Division or Plant? We work with automotive industry buyers and investors from around the world. If you would like to explore your options, please contact us for an introductory, confidential discussion. We also have a number of buy/sell opportunities. This includes companies for sale, as well as many buyers seeking specific targeted acquisitions worldwide. Our M&A Team is supported by the world's largest automotive industry network. #automotiveindustry #OEMs #suppliers #manufacturing #global #mergers #acquisitions #deals #opportunities #electronics #plastics #metals #smartmobility #EV #electrification #components #parts #assemblies #US #India #Mexico #EU #Asia #CEE #Germany #Vietnam #Turkey #Italy Chad Upton John Horrell Cathie Bliss Lis McNeil Please contact Ron Hesse - RHesse@GlobalAutoIndustry.com Or visit our Global M&A pages here: https://lnkd.in/e8fZSzw

Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets. Following the announcement of its full-year results, SGL said that its acquisition strategy had so far been based on accelerating its geographical presence. This strategy will continue in some larger markets but the company’s merger and acquisition (M&A) strategy will also be “targeted to achieve scale and volumes in key markets, especially in the larger economies”. The forwarder said that it will pursue a targeted M&A strategy ensuring all key countries and markets required to service global customers are covered in terms of SGL presence. “The industry remains fragmented, and SGL still sees significant room for consolidation, with SGL increasingly positioned as a company that is the acquirer of choice,” SGL said. Read: https://lnkd.in/dRjKSfHB Follow: Air Cargo Update Scan Global Logistics #ScanGlobalLogistics #LogisticsSolutions #SupplyChainManagement #GlobalShipping #Warehousing #Transportation #FreightForwarding #CustomsClearance #InternationalTrade #GlobalTrade #LogisticsPartner #CargoHandling #SupplyChainSolutions #LogisticsNetwork #GlobalLogisticsProvider #ShippingIndustry #LogisticsTechnology #EfficientLogistics #InnovationInLogistics #LogisticsManagement #SupplyChainEfficiency