M. Martinell, president of Valeo's vision systems business unit, said that after the acquisition is completed, the company can integrate Aledia's 3D LED technology to strengthen its technology research and development capabilities in automotive lighting systems to meet consumer demand for headlights. Performance, design style and security requirements.
In January last year, Valeo announced that it would acquire a 50% stake in Valeo Sylvania from OSRAM for $104 million, making Valeo Sylvania a wholly-owned subsidiary of its company, thereby consolidating the automotive lighting business.
In the first quarter of this year, Valeo's vision systems business unit sales reached 1.022 billion euros, up 17% year-on-year.
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