Global automotive supplier Valeo has recently announced that it has bought a 10.5% stake in Aledia, a technology start-up dedicated to the development of cutting-edge LED technology for general and automotive lighting. 

Valeo says its objective is to accelerate and expand in the medium term its offering of innovative interior and exterior automotive lighting solutions.

"We are convinced that Aledia's 3D LED technology together with Valeo's expertise in automotive lighting systems have the potential to put on the market a technological breakthrough in innovative lighting systems, perfectly in line with Valeo Lighting Systems mission to provide performance, style and contribute to the safety of road users," said M Martinelli, Visibility Systems Business Group president.

In 2014, the Valeo Group generated sales of 12.7 billion euros and invested over 10% of its original equipment sales in R&D. Valeo has 133 plants, 16 research centres, 34 development centres, 15 distribution platforms and employs 81,200 people in 29 countries worldwide.