EQT says to buy Valeo engine cooling unit

Newswire

STOCKHOLM, May 21 (Reuters) - Private equity fund EQT Opportunity said on Wednesday it had agreed with Valeo to buy the French automotive group's heavy-duty engine cooling division for an undisclosed sum. EQT said in a statement the acquired business had a total of around 940 employees at three manufacturing sites, two in southern Sweden and one in Jamestown, New York, and generated sales of 176 million euros ($274 million) last year. The unit supplies engine cooling solutions to ...

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