Valeo plans to buy Peiker for car connectivity tech
Issue Date: 2016-01-06

Valeo has announced the acquisition of the German company peiker, a major supplier of on-board telematics and mobile connectivity solutions. The acquisition will enable Valeo to widen its range of connectivity-related products.

Valeo's know-how in on-board electronics, enriched with peiker's technological expertise, will allow the Group to offer automakers new telematics systems equipped with the high-speed connectivity and cybersecurity features that this high-growth market demands. These systems will notably feature innovative vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication technologies, and be compatible with forthcoming LTE Advanced (4G+) mobile internet services.