Valeo swallows Norwegian electromobility company

October 02, 2013 // By Christoph Hammerschmidt
Automotive supplier Valeo has taken over Eltek Electric Vehicles, a Norwegian company dedicated to designing, developing, manufacturing, assembling and commercializing on-board chargers for passenger cars and commercial vehicles.

With the move, Valeo intends to accelerate and expand the development of its offer for hybrid and electric vehicles by adding Eltek Electric Vehicles' on-board chargers. The acquisition rounds Valeo's offer in power electronics by adding high efficiency conversion solutions to the ongoing development of high efficiency inverters with several top OEMs, the French supplier said.