Source: just-auto

FTE Automotive: Valeo inks agreement to buy FTE Automotive

Valeo has signed an agreement with Bain Capital Private Equity, owner of FTE Automotive, to purchase 100% of FTE Automotive for a purchase price of EUR819.3m (US$913.97m), representing an estimated EBITDA multiple of 8 times for 2016.

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Est. Annual Revenue
$500M-1.0B
Est. Employees
1.0-5.0K
Andreas Thumm's photo - CEO of FTE Automotive

CEO

Andreas Thumm

CEO Approval Rating

90/100

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