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Nov 30, 2017ACQUISITION

Valeo and PHC Group complete Valeo-Kapec torque converter joint venture

Valeo and PHC Group completed the Valeo-Kapec joint venture, a torque converter business with about 3,150 employees and forecast sales of around 1 billion euros, fully consolidated by Valeo.

Status

Completed

Productstorque converters for automatic and continuous variable transmissions

CompaniesValeo partner PHC Group partner

Sectors#Automotive Components

“Valeo and its partner PHC Group today confirmed that the transaction has been completed.”valeo.com

1 source
valeo.comCreation of Valeo-Kapec, the world leader in torque convertersNov 30, 2017

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

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Valeo and PHC Group complete Valeo-Kapec torque converter joint venture · Endata