# 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.

- Type: Acquisition
- Announced: 2017-11-30
- Status: completed
- Products: torque converters for automatic and continuous variable transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valeo](https://endata.com/companies/655.md) (partner)
- [PHC Group](https://endata.com/companies/2478.md) (partner)

## Sources

- [valeo.com](https://www.valeo.com/en/valeo-confirms-the-creation-of-valeo-kapec-the-world-leader-in-torque-converters/), 2017-11-30: "Valeo and its partner PHC Group today confirmed that the transaction has been completed."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.