French supplier Valeo announced on June 30, 2011 that it had completed the acquisition of Niles, a Japanese auto parts company owned by RHJ International SA of Belgium. Reported that the transaction has been approved by the relevant anti-monopoly authority, the transaction amounted to 313 million euros.

Prior to this, Valeo announced on February 25, 2011 that the company had signed an agreement with RHJ International of Belgium and Nissan Motor Co., Ltd., and will spend US$187 million to acquire a 77.9% stake in Niles.

It is reported that Niles is a manufacturer of automotive steering components (columns, doors and pedals). In 2010, the company had sales of 412 million euros. At present, the company has eight factories in the world, with 3,900 employees. Its main operating income comes from Japan (73%). The operating income of the United States and Asia (except Japan) accounts for 15% of its total operating income. And 12%.

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