EQT Buying Valeo Division

EQT Opportunity, a fund managed by EQT Partners, has agreed to acquire the heavy duty engine cooling division of French automotive group Valeo. No financial terms were disclosed. The division includes 940 employees in Sweden and Jamestown, N.Y., and generated 2007 sales of EUR 176 million.

 

PRESS RELEASE 

EQT Opportunity (“EQT”) has agreed to acquire the heavy duty engine cooling division of Valeo, the French automotive Group.

The acquired operations are comprised of some 940 employees in three manufacturing sites