Valeo announces the signing of an agreement with Siemens for the purchase of the 50% stake held by the German group in Valeo Siemens eAutomotive. After July 1, 2022, the French will integrate 100% of this entity within its propulsion systems activity.
Completion of the transaction will result for Valeo in a net cash outflow of 277 million euros for the acquisition of Siemens ' stake on a debt-free basis. From an accounting standpoint, net debt will increase by 741 million euros.
The new set ' ValeoPropulsion Systems' targets growth of more than 12% per year over 2021-2025, a rapidly growing proforma EBITDA margin of more than 11% in 2025 and proforma pre-tax free cash flow of around 350 million euros. euros in 2025.
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