Mark Vrecko, Sean Canney TD, Martin Shanahan of the IDA and Fergus Moyles of Valeo in Tuam One of the world’s largest suppliers of technology for autonomous vehicles has announced plans to pump €44 million into its research and development facility in Co Galway.
Valeo said the investment at its centre in Tuam would position it “at the forefront of developments in autonomous vehicles”. The cash injection is expected to create 50 jobs in research and development over three years, bringing the overall workforce at the plant to more than 500.
Mark Vrecko, group president at Valeo, said it was “very excited” about the investment and that it would mark the company out as the global leader for advanced driver assistance systems and related products.
Sean Canney, minister for rural affairs and a local Galway TD, said the development was “great news”…