France: Valeo completed acquisition of Niles

France-based automotive components manufacturer Valeo has completed its acquisition of Japanese auto switching systems supplier Niles from RHJ International SA and Nissan. The deal is valued at €313m (US$453.3m). Niles operates eight production sites, with a strong presence in Asia, especially Japan, Thailand and China. It has a workforce of 3,900 Subscribe to Automotive World … Continued

• By Webmaster
• July 1, 2011