Valeo Management Services

Valeo Announces a Project to Sell its Electrical Motors & Actuators Activity

    Paris, France (ots/PRNewswire) - Valeo today announced that it has signed a Memorandum of Understanding for the sale of its Electrical Motors & Actuators activity to the Japanese group Nidec.

    The parties expect to be in a position to sign the definitive agreements regarding this project once the employee representative consultation process has been completed.

    Valeo's Electrical Motors and Actuators activity generated sales of 253 million euros in 2005. It employs 1,800 people in five plants (Germany, Spain, China, Poland, Mexico) and four R&D centers (Germany, North America, China).

    Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers and employs 73,800 people in 133 plants, 71 R&D centers and 9 distribution centers in 29 countries.

      Alexandre Telinge,
      Group Media Relations & PR Manager,
      Tél.: +33-(0)1-40-55-20-74
      Matthieu de Crevoisier,
      Group Media Relations Coordinator,
      Tél.: +33-(0)1-40-55-37-68

ots Originaltext: Valeo Management Services
Im Internet recherchierbar:

Alexandre Telinge, Group Media Relations & PR Manager, Tél.:
+33-(0)1-40-55-20-74; Matthieu de Crevoisier, Group Media Relations
Coordinator, Tél.: +33-(0)1-40-55-37-68

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