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Valeo sells Access Mechanisms unit
November 30, 2012 / 7:21 AM / 5 years ago

Valeo sells Access Mechanisms unit

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

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