Schaeffler Gears Up for the Future with M&A Strategy
Schaeffler, known for its expertise in mechanical engineering and ICE components, gears up for the EV era with the acquisition of Vitesco Technologies.
As the global automobile industry undergoes a once-in-a-lifetime transformation, auto component manufacturers are turning to mergers and acquisitions in the clean mobility space as a way to shield themselves from the disruptions of the shift. The merger of German automotive suppliers Schaeffler and Vitesco Technologies can be seen as the latest manifestation of this trend.
Over the last few years, the auto component industry has seen many merger and partnership announcements, in line with the trend in the broader auto industry. These tie-ups have resulted from a shift in automakers and the government’s focus to finding cleaner mobility ...
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