Plastic Omnium to acquire the automotive lighting business of Varroc Engineering for $634m.

Plastic Omnium, a French automotive supplier, to acquire the automotive lighting business of Varroc Engineering, an automotive lights supplier, for $634m. “With Varroc Lighting Systems, Plastic Omnium becomes a comprehensive lighting player, meeting growing OEM demand for integrated exterior systems. This acquisition will provide us with an extensive lighting product portfolio, a balanced footprint across best-cost countries and significant cross-selling opportunities. VLS will also benefit from the technological innovations and advanced R&D capabilities of AMLS, a fast-growing German technology leader in automotive lighting. Building on our operational excellence, financial strength, and long-term vision, we have identified clear levers for VLS to deliver best-in-class operating performance," Laurent Favre, Plastic Omnium CEO.