Valeo Acquires 10% Stake in Aledia

Valeo announced that it has purchased a 10.5% stake in Aledia, by subscribing to a portion of Aledia’s capital increase. Aledia is a technology start-up dedicated to the development of cutting-edge LED technology for general and automotive lighting.

Valeo’s objective is to accelerate and expand in the medium term its offering of innovative interior and exterior automotive lighting solutions.

"We are convinced that Aledia's 3D LED technology together with Valeo's expertise in automotive lighting systems have the potential to put on the market a technological breakthrough in innovative lighting systems, perfectly in line with Valeo Lighting Systems mission to provide performance, style and contribute to the safety of road users," said M. Martinelli, Visibility Systems Business Group President.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions, the improvement of vehicle performance and to the development of intuitive driving.

In 2014, the Group generated sales of EUR 12.7 billion (US $14.24 billion) and invested over 10% of its original equipment sales in R&D. Valeo has 133 plants, 16 research centers, 34 development centers, 15 distribution platforms and employs 81,200 people in 29 countries worldwide.

According to Chinese-language automotive publication Gasgoo, Valeo acquired Osram’s stake in North America automotive lighting joint venture Valeo Sylvania for US $104 million in January 2014. 

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