VALEO : signs contract with U-Shin for the sale of its Access Mechanisms Business

12.29

Valeo signs contract with U-Shin for the sale of its Access Mechanisms Business

Paris, November, 30, 2012 - Valeo announced today the execution of a contract for the sale of its Access Mechanisms Business to Japan-based U-Shin for an enterprise value of 223 million euros.

Closing is subject to approval by the competition authorities and is expected to occur no later than March 31, 2013.

The Access Mechanisms Business, which is primarily mechanical based, comprises products such as locksets, steering column locks, handles and latches. Broadly present in Europe and South America the business is expected to generate 580 million euros in sales in 2012. It operates 12 plants and has 4,500 employees.

The proposed divestment is aligned with Valeo's strategy of focusing on solutions to reduce CO₂ emissions and on stepping up its development in Asia and in emerging markets.

U-Shin is one of Asia's largest producers of automotive access mechanisms. Through the acquisition of Valeo's Access Mechanisms Business, U-Shin would become a global market leader with a diversified customer base and a front-rank presence in Asia, Europe and South America.

Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO₂ emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 128 plants, 21 research centers, 40 development centers, 12 distribution platforms and employs 73,800 people in 29 countries worldwide.

For more information, please contact:

Media relations
Phone: +33 1.40.55.21.75 / +33 1.40.55.37.18

Thierry Lacorre - Financial Relations Director
Phone: +33 1.40.55.37.93

For more information about the Group and its businesses, please visit www.valeo.com.