# Valeo to acquire FTE Automotive for €819.3 million

EU antitrust enforcers approved Valeo's €819.3 million bid for German clutch manufacturer FTE Automotive, conditional on Valeo divesting its passive hydraulic actuator business to Italian supplier Raicam.

- Type: Acquisition
- Announced: 2017-10-13
- Where: France
- Value: $968.0M (819.3M EUR)
- Status: announced
- Products: clutches, passive hydraulic actuator modules, concentric slave cylinders
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [timesofmalta.com](https://timesofmalta.com/article/EU-regulators-okay-Valeo-bid-for-FTE-with-conditions.660358), 2017-10-14: "EU antitrust enforcers yesterday approved Valeo’s €819.3 million bid for German clutch manufacturer FTE Automotive after the French car parts supplier agreed to sell a unit to an Italian rival."

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