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Valeo confirms the acquisition of the German company peiker

After having received the authorizations from the relevant anti-trust authorities and as announced on December 21, 2015 Valeo confirms today the acquisition of the German company peiker, a major supplier of onboard telematics and mobile connectivity solutions. The acquisition will enable Valeo to widen its range of connectivity-related products. The acquisition of peiker, which is … Continued

After having received the authorizations from the relevant anti-trust authorities and as announced on December 21, 2015 Valeo confirms today the acquisition of the German company peiker, a major supplier of onboard telematics and mobile connectivity solutions. The acquisition will enable Valeo to widen its range of connectivity-related products.

The acquisition of peiker, which is expected to report sales of around €325 million for 2015, will have a positive impact on Valeo’s results starting in 2016.

Jacques Aschenbroich, Chairman and CEO of Valeo, comments: “As we at Valeo warmly welcome peiker teams, I would like to pay tribute to the remarkable role played by Andreas Peiker during his 33 years as CEO. Under his tenure, peiker has transformed into a truly respected leader in telematics and connectivity solutions.”

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