Add-on Acquisition • Automotive

Valeo Acquires Shanghai VALEO Automotive Electrical Systems Co.

On June 25, 1998, Valeo acquired automotive company Shanghai VALEO Automotive Electrical Systems Co. from ITT for 1.7B USD

Acquisition Context
  • This is Valeo’s 1st transaction in the Automotive sector.
  • This is Valeo’s largest (disclosed) transaction.
  • This is Valeo’s 1st transaction in China.

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M&A Deal Summary

Date June 25, 1998
Target Shanghai VALEO Automotive Electrical Systems Co.
Sector Automotive
Buyer(s) Valeo
Sellers(s) ITT
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target Company

Shanghai VALEO Automotive Electrical Systems Co.

Shanghai, China
Shanghai VALEO Automotive Electrical Systems Co., Ltd. is a manufacturer of automotive components.
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Buyer Overview 1

Buyer

Valeo

Paris, France

Category Company
Founded 1923
Sector Automotive
Employees106,100
Revenue 21.5B EUR (2024)
DESCRIPTION

Valeo is an automotive provider, partner to all automakers worldwide. Valeo was founded in 1923 and is based in Paris, France.


Deal Context for Buyer #
Overall 1 of 11
Sector: Automotive 1 of 6
Type: Add-on Acquisition 1 of 7
Country: China 1 of 1
Year: 1998 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-01 Valeo Wiper Systems

United Kingdom

Valeo Wiper Systems Ltd. is a supplier of washer systems to automotive Original Equipment Manufacturers (OEMs) worldwide. The washer systems business of VWS is the UK’s leader in windshield washer systems including headlamp wash system technology and related products servicing U.K. and European automotive original equipment manufacturers (OEMs).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-03 Sylea S.A.

Montigny-le-Bretonneux, France

Sylea S.A. is a, automotive cabling unit of Labinal industrial group,

Buy €305M

Seller Profile 1

SELLER

ITT

Stamford, Connecticut, United States

Category Company
Founded 1920
Sector Machinery
Employees10,600
Revenue 3.6B USD (2024)
DESCRIPTION

ITT manufactures engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace, and transportation. ITT was founded in 1920 and is based in Stamford, Connecticut.


Deal Context for Seller #
Overall 1 of 9
Sector: Automotive 1 of 2
Type: Add-on Acquisition 1 of 1
Country: China 1 of 2
Year: 1998 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-11 Rule Industries

Burlington, Massachusetts, United States

Rule Industries, Inc. is a manufacturer of marine products, including such industry standards as the Rule submersible pump and Danforth anchors and compasses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-06 Sinton Engineering Group

Kirkham, United Kingdom

Sinton Engineering Group is a UK-based company that specializes in the production and sales of fluid handling components, including valves, custom fabrications, and specialty fittings for the hygienic processing industries. Company serves the pharmaceutical/bioprocessing, chemical and food and beverage markets.

Buy -

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