Valeo : Valeo buys out the Valeo Siemens JV, for better and for worse?
>The announcement was expected but comes sooner than anticipated - Yesterday evening Valeo announced the acquisition of the 50% stake in its JV with Siemens focused on high voltage electrification for a cash amount of € 277m (impact on debt of € 741m, increase in leverage of 0.3x est. to 1.3x at end-2022). While this deal was widely expected, it comes sooner than we anticipated (end-2022/start of 2023), probably reflecting both the desire of Valeo’s new CEO to clarify...Valeo is an automotive supplier, partner to automakers worldwide. As an industrial and technology company, Co. focuses on designing, manufacturing and selling components, integrated systems and modules for automobiles and heavy goods vehicles, both on the original equipment and the aftermarket segments. In addition, Co. offers innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving to its customers. Co. operates through four business groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.