Valeo completes acquisition of FTE Automotive

Valeo has closed its acquisition of FTE Automotive, a producer of actuators with more than 3,800 employees and manufacturing in eight countries, after clearances from the European Commission and the Turkish Competition Authority. FTE had 2016 sales of around EUR 550 million. The price was not disclosed.

“Valeo announces the acquisition of FTE Automotive, a leading producer of actuators, after having received clearances from the European Commission and the Turkish Competition Authority.”valeo.com

• 1 source
• valeo.comValeo closes the acquisition of FTE - ValeoOct 31, 2017

Summarized from public sources; check the original articles before acting on it.