Raicam signed a binding agreement with Valeo for the acquisition of its hydraulic division

Manoppello, 31 october 2017 – Raicam has signed today a binding agreement with Valeo, a worldwide automotive supplier, for the acquisition of its passive hydraulic actuation division.

The acquisition, after the end of the consultation with European Works Council and the approval of the European Commission on October 13th, 2017, is thus expected to be finalized in early 2018.

Raicam, by integrating the division acquired in its organization, will have the capabilities and the resources to manufacture the entire clutch and actuation system, to provide customers with a faster and integrated service and to facilitate the industrialization of the active hydraulic actuators, developing innovative products and systems that can contribute to the reduction of C02 emissions in the automotive industry.