# Valeo plans to sell hydraulic actuator business to Raicam for EU approval of FTE acquisition

Valeo is considering divesting its passive hydraulic actuator business to Italian company Raicam to gain European Commission approval for its €819 million acquisition of clutch manufacturer FTE Automotive. The divestment could be finalized in Q4 2017.

- Type: Acquisition
- Announced: 2017-07-12
- Value: $930.0M (819.0M EUR)
- Status: announced
- Products: hydraulic actuators, clutch systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valeo](https://endata.com/companies/655.md)
- [FTE Automotive](https://endata.com/companies/14876.md) (target)
- [Raicam](https://endata.com/companies/25559.md) (acquirer)

## Sources

- [autovista24.autovistagroup.com](https://autovista24.autovistagroup.com/news/valeo-looks-sell-parts-business-order-meet-eu-competition-demands/), 2017-07-12: "Valeo is therefore considering the divestment of its passive hydraulic actuator business with a view to obtain the approval of the FTE acquisition by the European Commission."

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