Valeo to Buy German Clutch Maker FTE From Bain for $914 Million

  • FTE has sales of 500 million euros and 3,700 employees
  • French automotive supplier beat out Chinese bidders for FTE

Valeo SA, France’s second-biggest auto-parts maker, agreed to buy German clutch maker FTE Automotive GmbH from Boston-based buyout firm Bain Capital.

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