Paris (ots/PRNewswire) - Valeo today announced a project
to sell its heavy duty truck engine cooling division to the Swedish
This division comprises three manufacturing sites - in Mjällby
and Linkoping, Sweden and Jamestown, New York in the United States -
and employs around 900 people. It supplies engine cooling modules and
other powertrain cooling components to leading manufacturers of large
trucks, buses, off-highway equipment and industrial diesel engines.
The division generated sales of 176 million euros in 2007.
This project is in line with Valeo's strategy to divest non-core
businesses, as the Group wishes to focus its engine cooling activity
on passenger cars and light trucks.
The project is subject to consultation of the employee
representative committees and approval by the antitrust authorities.
Valeo is an independent industrial group dedicated to the design,
production and sale of components, integrated systems and modules for
cars and trucks. It is one of the world's leading automotive
suppliers. The Group has 125 production sites, 62 R&D centers, 9
distribution platforms, and employs 61,200 people in 28 countries.
For further information, please contact:
Group Communications Director
Investor Relations Director
For more information about the Group and its activities,
please visit our web site http://www.valeo.com
ots Originaltext: Valeo Management Services
Im Internet recherchierbar: http://www.presseportal.ch
For further information, please contact: Kate Philipps, Group
Communications Director, Phone: +33-1-40-55-20-65; Rémy Dumoulin,
Investor Relations Director, Phone: +33-1-40-55-29-30