Valeo today acquires Siemens’ 50% stake in Valeo Siemens eAutomotive and integrates 100% of Valeo Siemens eAutomotive, a leader in high-voltage electrification, into its Powertrain Systems business.
Valeo Siemens eAutomotive has some 4,000 employees, including more than 1,600 engineers, 7 production sites in 4 countries (China, Germany, Hungary and Poland) as well as R&D capabilities (laboratories, test benches, simulation tools) and peak production.
Christophe Prillat, Chief Executive Officer of the Valeo group, declares: ‘This integration makes us more innovative and more competitive. We will benefit from the unique expertise in high voltage electrification developed by the Valeo Siemens eAutomotive teams. ‘
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