Valeo Announces Project to Sell Heavy Duty Truck Engine Cooling Business.
PR Newswire Europe, April, 2008
PARIS, April 3 /PRNewswire/ -- Valeo today announced a project to sell its heavy duty truck engine cooling division to the Swedish company EQT.
This division comprises three manufacturing sites - in MjA[currency]llby and Linkoping, Sweden and Jamestown, New York in the United States - and employs around 900 people. It supplies engine cooling modules and other powertrain cooling components to leading manufacturers of large trucks, buses, off-highway equipment and industrial diesel engines. The division generated sales of 176 million euros in 2007.
This project is in line with Valeo's strategy to divest non-core businesses, as the Group wishes to focus its engine cooling activity on passenger cars and light trucks.
The project is...
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