# Aramco to acquire 10% stake in HORSE Powertrain from Renault and Geely

Aramco, through a wholly owned subsidiary, signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited from Renault Group and Geely, based on a €7.4 billion enterprise valuation. The deal is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2025-02-12
- Where: London, United Kingdom, United Kingdom
- Status: announced
- Products: internal-combustion engines, hybrid powertrains, transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Aramco](https://endata.com/companies/2946.md) (acquirer)
- [HORSE Powertrain](https://endata.com/companies/15183.md) (target)
- [Renault](https://endata.com/companies/20691.md) (partner)
- [Zhejiang Geely Holding Group](https://endata.com/companies/24488.md) (partner)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (partner)

## Sources

- [my.gov.sa](https://my.gov.sa/en/news/16416), 2025-02-12: "Aramco’s investment is expected to directly contribute to the development and deployment of affordable, efficient, and lower-carbon emission internal combustion engines globally."

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