Valeo to create 50 R&D jobs in Galway
Automotive supplier Valeo is to invest €44m in a research, development and innovation programme, creating 50 jobs in Tuam, Co Galway.
The investment will build on the group's capability in Advanced Driver Assistance Systems (ADAS).
The jobs are being created over the next three years, and will see Valeo's Irish R&D centre grow to more than 500 people.
Marc Vrecko, Valeo comfort and driving assistance systems business group president, said: "We are very excited about the announcement to further expand our footprint here to build on the proven innovation in product and process R&D. The investment will help fuel the global growth of the vision product line and extend Valeo as global leader for ADAS systems."
The project is supported by the Irish Government through IDA Ireland.
Martin Shanahan, IDA Ireland CEO, welcomed the news, describing it as benefiting Galway and the West region "substantially".