Valeo to acquire German clutch manufacturer FTE automotive   [ Germany ]

Valeo has signed an agreement with Bain Capital Private Equity, owner of FTE automotive, to purchase 100% of FTE automotive for a purchase price corresponding to EUR 819.3 million. FTE automotive, headquartered in Germany, is a producer of clutch and gear actuators. The FTE automotive acquisition will allow Valeo to expand its offering of active actuation systems for transmissions. In 2015, FTE...
<Jun 02, 2016>