Vitesco Technologies employs almost 40,000 people at around 50 locations worldwide and is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. In the first half of 2021, the company generated sales of around 4.4 billion euros and an adjusted EBIT of 84.2 million euros.
For a number of years, Vitesco Technologies, which was managed as Division Powertrain within Continental AG until 2019, has been driving forward its strategic focus on electromobility. With the spin-off, the company will continue its gradual withdrawal from combustion-specific technologies.
At the Annual General Meeting on 29 April 2021, the shareholders of Continental AG approved the spin-off of Vitesco Technologies. On 16 September 2021, the IPO took place.
SZA advised Vitesco Technologies comprehensively on the entire transaction as well as on the establishment of the corporate governance structures and the corporate organisation with a cross-location team from various practice groups.
Advisors to Vitesco Technologies Group AG: Schilling, Zutt & Anschütz
Dr. Marc Löbbe, Christian Gehling, (joint lead Corporate/M&A, Frankfurt and Munich), Markus Pfüller (lead Capital Markets, Frankfurt), Dr. Jonas Fischbach, Dr. Cäcilie Lüneborg, Dr. Michael Maxim Cohen, Phillip Kablitz (Corporate/M&A, Frankfurt), Dr. Florian Mader (Corporate/M&A, Munich), Philipp von Ploetz, Joachim Nerz, Dr. Michael Höhne, Ksenia Chesnavskaya (Capital Markets, Frankfurt), Dr. Hans-Georg Berg, Dr. Rolf Schmich, Dr. Marcus Schnabelrauch (Tax Law, Frankfurt and Mannheim), Katharina Steinbrück, LL.M. (U.C. Lan) (Labour Law, Frankfurt), Dr. Thomas Nägele, Dr. Steffen Henn, Dr. Simon Apel, Alexander Stolz, LL.M. (Dresden/Exeter) (Intellectual Property/IT/Data Protection, Mannheim), Silvio Cappellari, LL.M. (Columbia), Dr. Stephanie Birmanns (Antitrust Law, Brussels).
In-house Consultants: Stephan Rölleke, Dr. Nicolai Nahrgang, Frank Scheele, Tim Kupfer, Magdalena Theunert.