Valeo is a French global automotive supplier headquartered in France, listed on the

Paris Stock Exchange (CAC-40 Index). It supplies a wide range of products to

automakers and the aftermarket. The Group employs 113,600 people in 33 countries
worldwide. It has 186 production plants, 59 R&D centers and 15 distribution
platforms. Its strategy is focused on innovation and development in high-growth
potential regions and emerging countries.[1] In 2018, Valeo's sales rose 4% to
€19.1 billion. It also ranked as France's leading patent filer from 2016 to 2018.
[2]

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.[3]

In 1932, the company began producing clutches. In the same year, it was listed on
the Paris Stock Exchange.[4]

In the 1950s, the company expanded outside the Paris area, opening new factories in
France.

The firm produced braking systems (1961), thermal systems (1962), lighting systems
and electrical systems (1971-1978 and 1984).[5]

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 (1974),
the United States (1980), Tunisia (1984), South Korea and Turkey (1988), Mexico
(1989), China (1994), India (1997), Central and Eastern Europe (Poland and Czech
Republic in 1995, Romania in 2002, Slovakia in 2004 and Egypt in 2005) to total 33
countries at the end 2018.

In May 1980, the company was renamed Valeo, which means "I am well" in Latin.
[citation needed]

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.[6]

In 2017, Valeo presented its low-voltage prototype electric vehicle at the Consumer
Electronics Show in Las Vegas.[7]

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.[8]

Strategy
Since 2009, CEO Jacques Aschenbroich's strategy has been based on: innovation
linked to the reduction of CO2 emissions and intuitive driving, and geographical
expansion in high-growth potential countries, notably in Asia and in emerging
countries.[9][1][10]

From 2009 to 2018, the number of employees increased from 45,000 to 113,600. The
Group’s sales rose from €7.5 billion to €19.1 billion.[11] with a strong
development in China.[12]

Valeo invests 11,8% of its sales in R&D and innovation. It has 17,900 research and
development employees. In 2016 and 2017, the Group ranked as France’s leading
patent filer.[13]
Organization
The Group employs 113,601 people in 33 countries throughout the world. It has 184
production plants, 55 R&D centers and 15 distribution platforms.[14]

Four Business Groups

Valeo is structured around four business units:[15]

Comfort & Driving Assistance Systems (specialized in technologies to make driving

safer, more intuitive, more autonomous and more connected)
Powertrain Systems (development of innovative solutions for reducing CO2 emissions
in terms of electrification, automated transmissions and clean engines for
vehicles)
Thermal Systems (optimization of vehicle thermal management and passenger well-
being)
Visibility Systems (development of technologies ensuring the best visibility and
safety for drivers in all weather conditions)
Its Valeo Service activity supplies original equipment spares to automakers and
replacement parts to the independent aftermarket.[16]

International Business
Original equipment sales growth by destination region:

Europe and Africa: 46% of sales

Asia: 32% of sales
North America: 20% of sales
South America: 2% of sales
Financial statistics
Sales (millions)[17]
2001: €10,234[18]
2002: €9,803[18]
2003: €9,234[18]
2004: €9,018[19]
2005: €9,736[19]
2006: €9,970[19]
2007: €9,555[20]
2008: €8,664[20]
2009: €7,499[21]
2010: €9,632[22]
2011: €10,868[23]
2012: €11,759[24]
2013: €12,110[25]
2014: €12,725[26]
2015: €14,544[27]
2016: €16,519[28]
2017: €18,600[29]
2018: €19,124[30]
Breakdown of sales by Business Group 2018
Driving Assistance Systems: 19%
Powertrain Systems: 26%
Thermal Systems: 26%
Visibility Systems: 29%
Operating margin (in % of sales)
2001: 3.8%[18]
2002: 5.0%[18]
2003: 5.0%[18]
2004: 4.9%
2007: 3.6%
2008: 2.6%[20]
2009: 1.8%[21]
2010: 6.4%[22]
2011: 6.5%[23]
2012: 6.2%[24]
2013: 6.8%[25]
2014: 7.2%[26]
2015: 7.7%[27]
2016: 8.1%[28]
2017: 8.0%[31]
2018: 6.3%[32]
Asbestos
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.[33][34]

Since, the Valeo Group has set up high health-security standards and has been
thoroughly monitoring employees and retired personnel. This policy was ratified in
a national agreement with the French government in April 2009. The group secured
four former industrial sites with asbestos related issues.[35]

See also
Jacques Aschenbroich
References
"Valeo axe son ambitieux plan stratégique sur la Chine et l'innovation". La
Tribune. 17 March 2015.
"Le palmarès des déposants de brevets 2018 en France". 4 April 2019.
micdec (13 May 2012). "VALEO : QUELLE HISTOIRE ! De 1830 -a- 1988".
"Our story - Valeo Group history". Valeo.
"Valeo -- Company History". www.company-histories.com.
"CES 2018 : la voiture électrique low cost selon Valeo (VIDEO)" – via
videos.leparisien.fr.
"Valeo reveals electric city car concept at CES". www.autocarpro.in.
"Auto supplier Valeo plans manufacturing site in Alabama with 70 jobs". Alabama
NewsCenter. 26 January 2021. Retrieved 24 February 2021.
Schenker, Jennifer L. (1 June 2018). "Interview Of The Week: Jacques
Aschenbroich". The Innovator news.
"Valeo - plan stratégique pour augmenter d'un tiers le chiffre d'affaire". 11
March 2010.
"VALEO (VLEEF) Income Statement". finance.yahoo.com. Retrieved 2019-06-25.
"Valeo lance un plan pour améliorer sa rentabilité". LExpansion.com. 10 March
2010.
"Jacques Aschenbroich : " Valeo investit un tiers de sa R&D dans le véhicule
autonome "". videos.lesechos.fr.
"Nos employés – Stratégie de ressources humaines". Valeo (in French). Retrieved
2021-10-14.
"Our activities". Valeo.
Infos, Auto (17 September 2018). "Valeo : de la technologie en aftermarket".
www.decisionatelier.com.
"Press releases - Valeo" (PDF). valeo.com. Retrieved 23 April 2018.
"Financial Statements" (PDF). www.valeo.com. 2003.
"Financial Statements" (PDF). www.valeo.com. 2006.
"DDR_Statements Financial consolidated 2008_V1-EN" (PDF) (in French). Retrieved
2018-07-16.
"Financial Statements" (PDF). www.valeo.com. 2009.
"Financial Statements" (PDF). www.valeo.com. 2010.
"Financial Statements" (PDF). www.valeo.com. 2011.
"Financial Statements" (PDF). www.valeo.com. 2012.
"Financial Statements" (PDF). www.valeo.com. 2013.
 "Financial Statements" (PDF). www.valeo.com. 2014.
"Financial Statements" (PDF). www.valeo.com. 2016.
"Financial Statements" (PDF). www.valeo.com. 2017.
"Key figures". Valeo.
"Financial key figures". Valeo. Retrieved 2019-07-15.
Valeo Integrated Report 2017
"VALEO va bientôt quitter le CAC 40". Capital.fr (in French). 2019-06-14.
Retrieved 2019-06-25.
31 janvier 2014 (2006-09-20). "Condé-sur-Noireau ravagé par un siècle d'amiante -
Libération". Liberation.fr. Retrieved 2014-01-31.
"Justice: Amiante: le médecin du travail mis en examen - L'EXPRESS". Lexpress.fr.
23 October 2007. Retrieved 2014-01-31.
"BASOL - Ministère de la Transition écologique et solidaire". basol.developpement-
durable.gouv.fr.
External links
Official website
vte
CAC Next 20 companies of France (as of 5 November 2021)
vte
France Automotive industry in France
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Categories: CAC Next 20Auto parts suppliers of FranceManufacturing companies based
in ParisManufacturing companies established in 1923Multinational companies
headquartered in FranceFrench brandsFrench companies established in 1923Companies
listed on Euronext Paris
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