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Germany’s Schaeffler acquires French industrial firm ECO-Adapt



March 3 (Reuters) – Schaeffler (SHA_p.DE) has acquired French industrial company ECO-Adapt, the German automotive supplier said on Friday.

This acquisition is aimed at reinforcing the Bavarian firm’s industrial division, with ECO-Adapt being specialized in energy consumption, Schaeffler said in a statement.

The takeover is set to be closed during the first half of 2023, it added, without disclosing the price of the transaction.

Reporting by Tristan Chabba, Editing by Rachel More

Our Standards: The Thomson Reuters Trust Principles.

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