Valeo Disposes of its Logistic Subsidiary in Japan

Valeo Disposes of its Logistic Subsidiary in Japan

April 05, 2006

    PARIS, April 5 /Xinhua-PRNewswire/ -- As part of its
strategy of divesting non-core activities, Valeo announces
that Valeo Thermal Systems Japan Corporation has signed an
agreement with Vantec Corporation to dispose of Zexel
Logitec Company and its subsidiaries, the Japanese
logistics group which was acquired in 2000 as part of the
Zexel transaction.

    Zexel Logitec Company generated for 2005 consolidated
sales of Euro 73 million and employs 345 people.

    The deal is expected to close before June 30, 2006.

    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.  The
Group has 134 plants, 68 R&D centers, 9 distribution
centers and employs 70,400 people in 26 countries
worldwide.

    For more information, please contact:

     Bruno-Roland Bernard, Group Communications Director, 
     Valeo
     Tel:  [phone]

     Remy Dumoulin, Investor Relations Director, 
     Valeo
     Tel:  [phone]

SOURCE  Valeo