Valeo

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For other uses, see Valeo (disambiguation).
Valeo S.A.
Société Anonyme
Traded as EuronextFR
Industry Automotive industry
Founded 1923
Headquarters Paris, France
Key people
Jacques Aschenbroich (CEO), Pascal Colombani (Chairman)
Products Auto parts
Website www.valeo.com

Valeo is a multinational automotive supplier based in France, providing a wide range of products to auto manufacturers and after-markets. It is a member of the CAC 40 share index.

History[edit]

The Société Anonyme Française du Ferodo was founded in 1923 in Saint-Ouen, a suburb of Paris. It first distributed brake linings and clutch facings under license of Ferodo UK. The society engaged in a diversification in the 1960s by producing braking systems (1961), thermal systems (1962), and lighting systems (1970), and electrical systems (1978). In May 1980, the company was renamed Valeo, which means "I am well" in Latin.

Valeo then engaged in an aggressive strategy of expansion, through many international acquisitions. Today, Valeo is organised into four business groups. Recent acquisitions include the engine electronics division of Johnson Controls in France.

The company's sales in China have doubled every four years, and the new plant opened in 2013 in Yangtze Delta Region, Nanjing, makes China the leading market for Valeo. [1]

Organisation[edit]

At the end of 2013, the Group Valeo has a presence in 29 countries, employing 74 800 people at 124 production sites, 16 research centers, 35 development centers and 12 distribution platforms.[2]

The Valeo Group is organized into 4 business groups and 13 product families:[3]

  1. Thermal Systems:
    1. Powertrain Thermal Systems - TPT
    2. Front End Modules - TFE
    3. Compressors - TCP
    4. Climate Control Systems - TCC
  2. Visibility Systems:
    1. Lighting Systems - VLS
    2. Wipers Activity - VWA
  3. Powertrain Systems:
    1. Electrical Systems - PES
    2. Transmission Systems - PTR
    3. Electronics - PEL
    4. Combustion Engine - PCE
  4. Comfort and Driving Assistance Syst.
    1. Driving Assistance - CDV
    2. Interior Controls - CIC
    3. Interior Electronics - CIE

Cibié is Valeo's sports brand.[4]

Financial statistics[edit]

Sales (millions)[5]
  • 2004: €9,229
  • 2005: €9,933
  • 2006: >€10,000
  • 2007: €9,689
  • 2008: €8,677
  • 2009: €7,499
  • 2010: €9,632
  • 2011: €10,868
  • 2012: €11,759
  • 2013: €12,110
Breakdown of sales by Business Group
  • Powertrain Systems: 28%
  • Thermal Systems: 28%
  • Comfort and Driving Assistance Systems: 18%
  • Visibility Systems: 26%
Operating margin (in % of sales)
  • 2007: 3.6%
  • 2008: 2.6%
  • 2009: 1.8%
  • 2010: 6.4%
  • 2011: 6.5%
  • 2012: 6.2%
  • 2013: 6.6%

Asbestos[edit]

Valeo, its directors and its corporate medical function have been indicted after a decade-long penal procedure in 2006 for homicide, unintentional injury, and failure to assist a person in danger regarding its former use of asbestos which caused the death of hundreds of employees over many years.[6][7]

The Valeo Group has since set up high health-security standards and has been thoroughly monitoring employees and retired personnel. This policy has been ratified in a national agreement with the French government in April 2009.

References[edit]

External links[edit]