"Que le bonheur et la paix soient avec vous."
Here's a breakdown:
* Que - That
* le bonheur - happiness
* et - and
* la paix - peace
* soient - be (subjunctive form)
* avec - with
* vous - you
This phrase uses the subjunctive mood, which is used to express wishes, suggestions, or possibilities. It conveys a sense of hope and blessing, similar to the English phrase.