# Siemens agrees to sell its 50% stake in Valeo Siemens eAutomotive joint venture to Valeo

Siemens AG signed an agreement to sell its 50 percent stake in the Valeo Siemens e-Automotive joint venture to Valeo. The profit impact is around 300 million Euros, and closing is expected in July 2022, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2022-02-09
- Value: $340.0M (300.0M EUR)
- Status: announced
- Products: e-car powertrain systems, e-motors, power electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)
- [Siemens](https://endata.com/companies/301.md) (target)
- [Valeo](https://endata.com/companies/655.md) (acquirer)
- [Valeo Siemens eAutomotive GmbH](https://endata.com/companies/20405.md) (target)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-enters-agreement-exit-valeo-siemens-eautomotive-joint-venture), 2022-02-09: "Single ownership and full integration with Valeo provide very strong prospects for the business, its employees and customers."
- [valeo.com](https://www.valeo.com/en/valeo-strengthens-its-leadership-in-the-very-fast-growing-electrification-market-agreement-signed-for-valeo-to-hold-100-of-valeo-siemens-eautomotive/), 2022-02-09: "This transaction and the integration of Valeo Siemens eAutomotive within our Powertrain Systems Business Group strengthen our position as a major player in electrification."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/valeo-buys-out-siemens-from-ev-venture-in-317-million-deal), 2022-02-10: "Valeo SA agreed to acquire Siemens AG’s stake in their five-year-old electric-car components venture to bolster its position in the rapidly expanding EV market."
- [batteriesnews.com](https://batteriesnews.com/siemens-agreement-exit-valeo-siemens-eautomotive-joint-venture/), 2022-02-10: "Siemens AG has signed an agreement to sell its 50 percent stake in the Valeo Siemens e- Automotive (VSeA) joint venture to Valeo."

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