Nürnberg/Germany (Leoni) – Leoni Bordnetz-Systeme GmbH, a company of the Leoni Group, has signed an agreement to purchase all the shares in Valeo Electronique et Systèmes de Liaison S.A. (Valeo Connective Systems), the wiring systems division of the French automotive component supplier Valeo.
The enterprise value is about EUR 255 million and includes assumptions of existing retirement benefits and specific liabilities as well as the net financial liabilities. Subject to competition authority approval, operations will come under Leoni’s control from 1 January 2008.

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