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Announced

Renault and Geely to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United Kingdom

Pending

Cross Border

Majority

Private

Joint Venture

Friendly

Single Bidder

powertrain systems

Auto Parts

Synopsis

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Renault, a French multinational automobile manufacturer, and Geely, a Chinese multinational automotive company, agreed to form a joint venture to produce gasoline-powered and hybrid powertrains. Financial terms were not disclosed. Renault and Geely will each hold 50%. The venture will have 17 plants with annual production capacity of 5m powertrains, five research and development centers on three continents and some 19k employees. The Renault-Geely agreement will enable the creation of a global leader in hybrid technologies to provide highly efficient advanced solutions for automakers around the world.

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