Valeo Announces Project to Sell Speed Controller Activity

Valeo Announces Project to Sell Speed Controller Activity

Paris, March 19, 2010 (ots/PRNewswire) - Valeo today announced a project
to sell its Telma speed controller activity, which manufactures
electromagnetic retarders, to the current management team.

The operation includes the activity's headquarters and main plant
based in Saint Ouen l'Aumône, France, a joint venture plant in China
and two distribution centers based in the U.K.
and the U.S. The
business employs 195 people, of which 123 are based in France. It
generated sales of 39.4 million euros in 2009.

This project is in line with Valeo's strategy to divest non core
businesses. The Telma speed controller activity was acquired with the
automotive assets of Labinal in 2001.

The project is subject to consultation of the employee
representatives.

Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and
modules for the automotive industry, mainly for CO2 emissions
reduction. Valeo ranks among the world's top automotive suppliers.
The Group has 120 plants, 21 Research centers, 40 Development
centers, 10 distribution platforms and employs 52,200 people in 27
countries worldwide.

For more information about the Valeo Group and its activities,
please visit our web site http://www.valeo.com.

ots Originaltext: Valeo
Im Internet recherchierbar: http://www.presseportal.de

Contact:
CONTACT: For additional information, please contact: Kate Philipps,
ValeoGroup Communications Director, Tel.: +33-1-40-55-20-65; Thierry
Lacorre,Valeo Group Investor Relations Director, Tel.: +33-1-40-20-39


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