PARIS, Nov 30 (Reuters) - French car parts equipment maker Valeo said on Friday it had agreed to sell its Access Mechanisms business to Japan's U-Shin for an enterprise value of 223 million euros ($289.42 million). The business is expected to generate 580 million euros in sales in 2012. It operates 12 plants and has 4,500 employees, the statement said. ($1 = 0.7705 euros) (Reporting by Dominique Vidalon)
Premium Content (PAID Subscription Required)
"Valeo sells Access Mechanisms unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.