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Through this acquisition, Valeo has acquired the entire ownership in FAW-Valeo, which will be named Valeo Compressor (Changchun) Co., Ltd.
Deal Type Acquisition Sub-Category Minority Acquisition Deal Status Completed: 2009-11-02
Deal Participants
Target (Company) FAW-Valeo Climate Control Systems Co., Ltd. Acquirer (Company) Valeo S.A. Vendor (Company) Fawer Automotive Parts Company Ltd.
Deal Rationale
The transaction strengthens Valeo's presence in the Chinese market.
% Acquisition 40%
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