(CercleFinance.com) – Valeo today acquires the 50% stake held by Siemens in Valeo Siemens eAutomotive and integrates 100% of Valeo Siemens eAutomotive, leader in high voltage electrification, within 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 cutting-edge production.
Christophe Périllat, CEO of the Valeo group, says: ‘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. ‘