Valeo completes takeover of Ichikoh

Valeo has completed the takeover of Ichikoh, Japan’s leading automotive lighting company.

Valeo announced on December 12, 2016 that it had obtained the necessary approvals from the relevant anti-trust authorities to proceed with the transaction.

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, said: “I am proud to welcome Ichikoh’s 5,300 employees to the Valeo family. Thanks to the takeover of Ichikoh, Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and Southeast Asia – which will account for nearly a third of Group sales.”