Valeo

#3842

Rank

$2.47B

Marketcap

France

Country

Leadership team

Mr. Christophe Perillat-Piratoine (CEO & Director)

Mr. Robert Charvier (Chief Financial Officer)

Thierry Lacorre (Investor Relations Director)

Products/ Services

Automotive, Lighting, Manufacturing

Number of Employees

Above 50,000

Headquarters

Créteil, Ile-de-France, France

Established

1923

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

FR.PA

Social Media

URL

https://www.valeo.com

Overview

Location

Recognition and Award

References

Summary

Valeo SE designs, produces, and sells components, systems, and services for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems. It offers parking and driving assistance products, such as ultrasonic sensors, radars, and cameras to detect obstacles around vehicles; intuitive control products; and a range of connectivity solutions from short-range to long-range connectivity, as well as develops systems that enable the integration of applications, such as car sharing services and remote parking systems. The company also provides powertrain systems, including electric powertrain systems for electric cars; torque converters, dual dry and wet clutches, and actuators that enable the automation of transmissions to reduce fuel consumption and enhance driving comfort; and clean engines for vehicles. In addition, it designs and manufactures systems, modules, and components to optimize thermal management of vehicles and passenger comfort in the cabin, including heating ventilation and air conditioning systems. Further, the company designs and produces lighting and wiper systems for drivers in various weather conditions. Additionally, it offers original equipment spares to auto manufacturers; and replacement parts and accessories to independent aftermarket for passenger cars and commercial vehicles. The company was incorporated in 1923 and is headquartered in Paris, France.

History

The Société Anonyme Française de Ferodo was founded in 1923 in Saint-Ouen, near Paris. It first distributed brake linings and clutch facings under license of Ferodo Ltd UK.In 1932, the company began producing clutches. In the same year, it was listed on the Paris Stock Exchange.In the 1950s, the company expanded outside the Paris area, opening new factories in France.

The firm produced braking systems , thermal systems , lighting systems and electrical systems .The 1960s saw the start of the company's international development, first in Europe, especially in Spain and Italy, and then all over the world: Brazil , the United States , Tunisia , South Korea and Turkey , Mexico , China , India , Eastern Europe to total 33 countries at the end 2018.

In May 1980, the company was renamed Valeo, which means "I am well" in Latin.Acquisitions include German automotive suppliers Peiker and Spheros in 2015, followed by FTE automotive in 2017.

In the early 2000s, Valeo produced parking assistance systems using ultrasonic sensors.In 2017, Valeo presented its low-voltage prototype electric vehicle at the Consumer Electronics Show in Las Vegas.In February 2021, Valeo announced that it will invest $5 million to open a new assembly plant in Jefferson County in the city of Bessemer, Alabama expected to create 70 jobs.

Mission

Our mission is to be the World Leader for Vision Systems within the automotive industry by developing innovative camera systems and providing situational awareness solutions using cutting edge technology.

Vision

CEL (Connaught Electronics Ltd) was founded in 1982. In 2007 Valeo purchased the business and from here Valeo Vision was formed. Valeo is the world’s leading provider of driving assistance systems to automotive manufacturers. In 2014, Valeo’s Comfort & Driving Assistance Group recorded €2.3 Billion in sales. Valeo Vision Systems (VVS), located near Galway, Ireland is Valeo’s automated parking and computer vision research hub. From being first to market in Europe with rear camera and surround view systems to producing next-generation vision systems and autonomous driving products, Valeo Vision Systems has long been at the cutting edge of development in automotive vision applications.

Key Team

Ms. Catherine Delhaye (Chief Ethics & Compliance Officer and Data Protection Officer)

Mr. Eric Antoine Fredette (Gen. Counsel & Gen. Sec.)

Dr. Detlef W. Juerss (Sr. VP of Group Sales & Bus. Devel.)

Ms. Fabienne de Brebisson (Sr. Vice-Pres of Communications)

Mr. Bruno Guillemet (Sr. Vice-Pres of HR)

Mr. Eric Schuler (Pres of Valeo Service Activity)

Mr. Maurizio Martinelli (Pres of Visibility Systems Bus. Group & National Director of Italy)

Recognition and Awards

Valeo has won numerous awards, including being named a “top innovator” in the automotive industry by MIT Technology Review in 2019, and being honored as one of the world’s most ethical companies by the Ethisphere Institute in 2020.