Plastic Omnium Buys Varroc Lighting

Varroc Engineering has agreed to sell their more-than-three-wheeled-vehicle lighting business to French supplier Plastic Omnium for €600m. The impetus behind the sale: Varroc wants to reduce debt while focusing on their electronics, connectivity, and EV product ranges in the high-growth Chinese and Indian markets and on the 2-wheeler segment globally. Varroc will divest their 12…
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