Valeo: EU approves acquisition of VSEA
(CercleFinance.com) - The European Commission has approved the acquisition of the German company VSEA (Valeo Siemens eAutomotive) by the French company Valeo.
VSEA develops, produces and sells high-voltage electric motors and components for electric cars and plug-in hybrids.
Meanwhile, Valeo produces and distributes automotive parts.
The Commission concluded that the proposed concentration would not raise competition concerns because Valeo already had joint control over VSEA prior to the transaction.
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VSEA develops, produces and sells high-voltage electric motors and components for electric cars and plug-in hybrids.
Meanwhile, Valeo produces and distributes automotive parts.
The Commission concluded that the proposed concentration would not raise competition concerns because Valeo already had joint control over VSEA prior to the transaction.
Copyright (c) 2022 CercleFinance.com. All rights reserved.