Mitsubishi Tokyo UFJ Bank (BankofTokyo-MitsubishiUFJ) , said the French auto parts supplier Valeo (Valeo) has signed a EUR 250 million term loan agreement, the loan funds will be used for general operating purposes, including for the acquisition of Japanese auto parts companies Niles's project financing.

    Valeo said the acquisition will help it enhance the Niles company car driver assistance systems in the areas of advantage and operational capacity in the Asian market will be enhanced, especially with the Nissan Motor Company's cooperation will be strengthened.

    It is reported that, Niles is a type vehicle steering components (steering column, door, and pedal) producer in 2010, the company's sales of 4.12 billion euros. The company currently has eight factories in the world, and now has 3,900 employees, its main revenue comes from Japan (73%), the United States and Asia, operating income (excluding Japan), respectively, for 15 of its total revenue % and 12%.