# Valeo intends to buy out Siemens from Valeo Siemens eAutomotive joint venture

Valeo SA intends to buy out Siemens AG from their electric-car components joint venture Valeo Siemens eAutomotive GmbH. The timing of the purchase is not yet clear.

- Type: Acquisition
- Announced: 2021-09-17
- Status: announced
- Products: electric motors, axles, powertrain electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (target)
- [Valeo](https://endata.com/companies/655.md) (acquirer)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/valeo-is-ready-to-buy-out-siemens-from-venture-in-race-to-evs), 2021-09-17: "Siemens entered this joint venture with the plan to eventually sell and we to buy."

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