Valeo has sold its 50% shareholding in Il Tevere S.A, the holding company that is the controlling shareholder (52%) of Mirgor, a manufacturer of thermal systems (air conditioning and engine cooling modules) in Argentina.
Mirgor generated sales of $70 million in 2004 and employs 320 people.
Mirgor will continue producing and selling products under licence to Valeo.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
