20.10.2006 – 09:20

Valeo Management Services

Valeo Announces a Project to Sell its Electrical Motors & Actuators Activity

Paris, France (ots/PRNewswire)

Valeo today announced that it has
signed a Memorandum of Understanding for the sale of its Electrical
Motors & Actuators activity to the Japanese group Nidec.

The parties expect to be in a position to sign the definitive
agreements regarding this project once the employee representative
consultation process has been completed.

Valeo's Electrical Motors and Actuators activity generated sales
of 253 million euros in 2005. It employs 1,800 people in five plants
(Germany, Spain, China, Poland, Mexico) and four R&D centers
(Germany, North America, China).

Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and
modules for cars and trucks. Valeo ranks among the world's top
automotive suppliers and employs 73,800 people in 133 plants, 71 R&D
centers and 9 distribution centers in 29 countries.

Contacts:
    Alexandre Telinge,
    Group Media Relations & PR Manager,
    Tél.: +33-(0)1-40-55-20-74
    Matthieu de Crevoisier,
    Group Media Relations Coordinator,
    Tél.: +33-(0)1-40-55-37-68

Contact:

Alexandre Telinge, Group Media Relations & PR Manager, Tél.:
+33-(0)1-40-55-20-74; Matthieu de Crevoisier, Group Media Relations
Coordinator, Tél.: +33-(0)1-40-55-37-68