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Business | December 30, 2011

Valeo acquires electric supercharger technology

Valeo has acquired the Variable Torque Enhancement System (VTES) business of British automotive technology development company Controlled Power Technologies (CPT).
“We are very pleased that CPT’s VTES business is joining Valeo,” commented Valeo Chief Executive Officer Jacques Aschenbroich. “This vibrant, innovative company, backed by an impressive bench of talent, has demonstrated its ability to develop highly effective solutions for reducing CO2 emissions. With this acquisition, Valeo confirms its unique position in CO2 -reducing technologies, in line with the Group's strategy."

“CPT has worked with Valeo over a three-year period to define electric supercharging system requirements. Our automotive customers wanted clarity about future plans for the VTES product and a sale to Valeo was the best solution to enable our VTES technology to reach its full potential” commented CPT Chief Executive Officer Nick Pascoe. “It also validates our approach to technology development, which we apply to all our products.”

VTES will be integrated into Valeo’s Powertrain Systems Business Group.
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November 15 2018 5:25 pm V11.9.0-1