Schaeffler Group, a German car-parts maker, warned in September that pollution controls would knock out its supplier of needle bearings.

德国汽车零部件制造商舍弗勒集团（Schaeffler Group）九月份警告说，治污措施将导致其中国供应商提供的滚针轴承断货。

It will also simplify Schaeffler's shareholder structure, increase its transparency and make Schaeffler shares easier to trade.

它还将简化舍弗勒的股东结构，提高透明度， 并使舍弗勒股票更容易交易。

Schaeffler looks well positioned to be one of them.

舍弗勒看起来很适合成为其中之一。

Schaeffler has 13,000 staff and 13 factories in China.

舍弗勒在中国拥有13,000名员工和13家工厂。

These involve more than just car parts; Schaeffler's Chinese factories also make bearing systems for aeroplanes and wind turbines.

这些不仅仅涉及汽车零部件；舍弗勒的中国工厂还生产飞机和风力涡轮机的轴承系统。

Schaeffler last attempted a big takeover in 2008, when it won a controlling stake in Continental, a rival then three times its size.

舍弗勒上一次尝试大规模收购是在 2008 年， 当时它赢得了大陆集团的控股权，而大陆集团的规模是其规模的三倍。

This time the transaction is smaller—Vitesco, which was itself spun off from Continental in 2021, has annual sales of €9bn, compared with €16bn for Schaeffler.

这次交易规模较小——Vitesco 本身于 2021 年从大陆集团分拆出来，年销售额为 90 亿欧元，而舍弗勒的年销售额为 160 亿欧元。

Despite rising EV-linked orders, ICE-related parts such as powertrains and chassis account for roughly 40% of Schaeffler's annual sales and 80% of Vitesco's.

尽管与电动汽车相关的订单不断增加，但动力总成和底盘等与内燃机相关的零部件约占舍弗勒年销售额的 40% 和纬创科技的 80%。

And Mr Rosenfeld, who became Schaeffler's boss in 2014 and took the company public a year later, is a banker by training and cautious by temperament.

罗森菲尔德先生于 2014 年成为舍弗勒的老板， 一年后让公司上市，他是一位受过训练的银行家， 性情谨慎。

It received orders of more than €10bn for such EV parts in 2022, twice as much as Schaeffler, and expects a similar amount this year.

2022 年， 该公司收到的此类电动汽车零部件订单超过 100 亿欧元， 是舍弗勒的两倍，预计今年也将达到类似数量。

In the small hours of October 9th he called Andreas Wolf, his counterpart at Vitesco, a Bavarian rival, to offer to buy the 50.1% of the firm Schaeffler did not already own.

10 月 9 日凌晨，他打电话给巴伐利亚竞争对手维特斯科 (Vitesco) 的同行安德烈亚斯·沃尔夫 (Andreas Wolf)，提出收购舍弗勒尚未拥有的公司 50.1% 的股份。

As part of the deal the Schaeffler family has agreed to give up its monopoly on voting shares (though it will remain firmly in control, with a 75% stake in the new firm).

作为交易的一部分， 舍弗勒家族同意放弃对投票权股份的垄断（尽管它将继续牢牢控制，持有新公司 75% 的股份）。