Finnish Valmet Automotive and RLE International, both leading service providers to the global automotive industry, have established their partnership further by setting up a new joint venture, which will incorporate Valmet Automotive (China) Inc. (100% shares of the wholly-owned transferred.
RLE Global Operations Ltd will be headquartered in the United Kingdom and as part of the agreement the Finnish company acquires a minority stake in this new operation, while RLE International will incorporate Valmet Automotive China Inc. into their international operations.
Valmet China, located in Shanghai, provides automotive design services, and specializes in sourcing, import and export of auto components. Through this strengthened partnership, the parties expand their position in the automotive design and auto component manufacturing markets.
This partnership with its global footprint and more than 1,500 engineers has the ability to provide a unique offering covering product development, simultaneous engineering, manufacturing engineering and manufacturing services. The partners can provide a flexible one-stop solution.
“Partnership with RLE International is a strategic step for Valmet Automotive. The agreement with a world-class company consolidates our position as a leading engineering-driven automotive service provider”, says Mr. Ilpo Korhonen, President, Valmet Automotive.
“The global approach of RLE International is one of our major USPs. The joint venture with Valmet Automotive and the extension of our business to China will complete our global activities and meet our customers’ requirements”, says Ralf Laufenberg, Chief Executive Officer, RLE International Group.
About Valmet Automotive: Valmet is a leading service provider in automotive engineering, vehicle manufacturing, convertible roof systems and related business services. It is headquartered in Uusikaupunki, Finland, and employs over 2,000 professionals worldwide.
About RLE International: RLE is a leading development, technology and consultation service provider to mobility and energy industries worldwide. With over 1,400 employees and 30 years of experience, it is dedicated to provide innovative and effective solutions for its customers.