Regensburg, March 22, 2022. Vitesco Technologies, a leading international provider of innovative drive technologies and solutions for electric mobility, intends to become even more powerful in organizational terms. At its meeting today, the Supervisory Board approved the company’s plans to bring together its four current business units - Electronic Controls, Electrification Technology, Sensing & Actuation, and Contract Manufacturing – into two completely reorganized units: the future divisions “Powertrain Solutions” and “Electrification Solutions”. 

Through these organizational changes, which are slated to take effect on January 1, 2023, Vitesco Technologies is aiming to further sharpen its strategic focus on powertrain electrification, in order to boost the effectiveness, efficiency, and flexibility of its operations in the market for sustainable mobility technologies. The clear focus on growth and value creation associated with the reorganization also creates a more transparent structure, enables even better use of resources in line with ongoing and accelerating change, and takes account of the company's ambitious sustainability agenda.

With well over ten years of experience in the development and manufacture of electric drive systems, the company has focused on electromobility as early and decisively as almost no other automotive supplier. Vitesco Technologies already set the course for a clear electrification strategy in 2019. The stock market listing followed on September 16, 2021, and the company was admitted to the SDAX at the end of the year.