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Germany's Schaeffler acquires French industrial firm ECO-Adapt

(Reuters) - Schaeffler 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)