PARIS: Valeo and Zexel Strategic Alliance Signed in Automotive Thermal Systems
Valeo and Zexel Corporation signed on June 25, 2000 the agreement confirming their Memorandum of Understanding announced at the end of 1999. This agreement sets up a global alliance in the field of climate control systems, compressors and engine cooling. Closing is scheduled for July 31, 2000, subject to clearance from competition authorities.
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