Valeo to acquire German clutch maker FTE Automotive
Move to expand Valeo’s product line-up of active actuation systems for transmissions
French auto parts supplier Valeo has signed an agreement yesterday (2 June) with Bain Capital Private Equity, owner of FTE Automotive (FTE), to acquire 100% of FTE for EUR819.3 million (USD916.3 million), says a company press release.
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