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Chinese automotive parts manufacturer Sinotec is acquiring Valeo's plant in Mondeville, France, along with Valeo's plants in Mexico and China. The deal will retain all 194 employees and the current management team. The sale is expected to close by the end of November 2025.
“Selon nos sources, ce fabricant de pièces automobiles, versant industriel d'un fonds d'investissement basé à Wuxi, garderait l'ensemble des quelque 194 salariés de l'usine mondevillaise.”ouest-france.fr
Summarized from public sources; check the original articles before acting on it.