The German Schaeffler acquires the French industrial company ECO-Adapt

Natalie Portman
By Natalie Portman 1 Min Read

(RockedBuzz via Reuters) – Schaeffler has acquired French industrial firm ECO-Adapt, the German auto supplier said on Friday.

This acquisition aims to strengthen the Bavarian company’s industrial division, with ECO-Adapt specializing in energy consumption, Schaeffler said in a statement.

The acquisition is expected to close in the first half of 2023, it added, without disclosing the transaction price.

(Reporting by Tristan Chabba, Editing by Rachel More)

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