Manoppello, 28 March 2018 – Raicam has completed the acquisition of the Passive Hydraulic Business from Valeo by entering today in to a final purchase agreement signed by the Group Chairman Mr. Nicola Di Sipio. This acquisition includes the entire Passive Hydraulic Division of Valeo, with all the Human Resources, Intellectual Property, Manufacturing Sitesat Mondovì in Italy, Gemlik in Turkey and Nanjing in China. In India, Raicam will carry on the former local Passive Hydraulic Business of Valeo in its Sanand Site, which is already operative.

Raicam, by integrating the division acquired in its organization, has now the capabilities and the resources to design and 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 contribue to the reduction of CO2 emissions in the automotive industry.