The EU Commission clears a merger subject to remedies on the market of automotive equipment (FTE / Valeo)

Mergers: Commission clears acquisition of FTE by Valeo, subject to conditions* The European Commission has approved under the EU Merger Regulation the proposed acquisition of FTE by Valeo, both automotive equipment suppliers. The decision is conditional on the divestment of Valeo's passive hydraulic actuators business to the Italian car parts supplier Raicam. The Commission's competition concerns The Commission assessed the impact of the proposed transaction on a number of markets where the activities of FTE and Valeo overlap, in particular in the supply of passive hydraulic actuatormodules and its individual components. Passive hydraulic actuators are essential components in vehicles' clutch systems. The

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European Commission, The EU Commission clears a merger subject to remedies on the market of automotive equipment (FTE / Valeo), 13 October 2017, e-Competitions Bulletin November 2017, Art. N° 85039

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