Consolidate the Valeo automotive lighting business intends to purchase shares of Aledia10.5%

Supplier Valeo recently issued an official statement saying that the company has reached an agreement with the French company ALEDia, and take the way of capital to acquire 10.5% stake in the latter.

Valeo vision systems business unit President M. Martinell said the acquisition after the completion of the transaction, the company can integrate 3D LED technology of Aledia company, to strengthen in the field of automotive lighting system technology research and development capabilities, to meet consumer demand for light performance, design style and safety etc..

Last January, Valeo announced denounced the $104 million acquisition of OSRAM held half stake in Valeo Sylvania company, Valeo Sylvania company to become its wholly owned subsidiary, in order to consolidate automotive lighting business.

The first quarter of this year, Valeo vision systems business unit sales reached 1 billion 22 million euros, an increase of 17%.

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