Valeo Group

Company Profile

■URL

http://www.valeo.com

■Address

43, rue Bayen, 75848 Paris Cedex 17, France

Business Overview

-The Company designs, produces, and sells components, systems and modules for the automotive and commercial vehicle industries.

-The Company focuses on innovative technologies and systems that contribute to the reduction of CO2 emissions, improve vehicle performance, and support the development of intuitive driving.

-The Company is made up of four Business Groups:

Business Group Product Family Major Competitors
Comfort and Driving Assistance Systems -Driving Assistance
-Interior Controls
-Interior Electronics
-Robert Bosch
-Continental
-Kostal
-LG
-Tokai Rika
-Visteon
Powertrain Systems -Electrical Systems
-Transmissions Systems
-Combustion Engine Systems
-Electronics
-LuK (Schaeffler group)
-ZF Sachs
-Denso
-Robert Bosch
Thermal Systems -Thermal Climate Control
-Thermal Powertrain
-Thermal Compressor
-Thermal Front End
-Thermal Bus 
-Denso
-Mahle
-Hanon
Visibility Systems -Lighting Systems
-Wiper Systems
-Robert Bosch
-Denso
-Koito Manufacturing
-Magneti Marelli

Shareholders

-Listed on Euronext Paris. (EPA)  (As of Feb. 15, 2017)
Major Shareholders % of share capital
BlackRock Inc. 5.22
Lazard Asset Management LLC 5.06
Others 89.74
Total 100.00

Products

Powertrain Systems
Electrical Systems/Electrification
-Starters
-Alternators
-Lithium-ion batteries
-Belt-driven starter generators
-Battery management systems
-Battery chargers
-Electric superchargers
-Electric retarders for trucks and buses
-Charger-inverters
-Stop-start systems
-Rear axle drives
-Crankshaft motor generators
-Gearbox motor generators
-Mild hybrid systems with regenerative braking
-Full hybrid/rechargeable hybrid systems

Transmission Systems
-Cover assemblies
-Discs
-Clutch facings
-Release bearings
-Hydraulic clutch actuators
-Dual dry clutch systems
-Dual wet clutch systems
-Dual mass flywheels
-Flexible flywheels
-Systems for automated manual transmissions
-Torque converters
-Actuators
-Blade dampers
-Lock-ups
-Dry double clutches

Combustion Engine Systems

-Complete engine management systems for gasoline and diesel engines
-Engine control units
-Electric motor drives
-Ignition components
-Emission control systems
-Injectors
-Sensors
-Electric superchargers
-Range extenders
-Air circuits
-Exhaust gas recirculation valves
-EGR valves with air intake module and water charge air cooler
-EGR valves with air intake module, water charge air cooler and electric supercharger

Electronics
-Electronic control units
-DC-DC converters
-Inverters
-On-board chargers
-Sensors
-Battery voltage stabilizers

Thermal Systems
Thermal Climate Control
-Air-conditioning systems and modules; air-conditioning loops and modules, including evaporators and heater cores
-Dual-layer HVAC systems
-Decentralized interior comfort modules; rear air conditioning devices, boosters, additional comfort modules
-Aquairius cooling mist diffusers
-Air quality products; air filtration and purification systems
-Ultra-high performance filters
-Air purifiers
-Thermal bus systems
-Heat exchangers
-Fans
-Air distribution shutter systems

Thermal Powertrain
-Thermal management systems for powertrains
-Battery thermal management systems
-Cooling modules
-Flat and light engine cooling modules
-Condensers
-Exhaust gas recirculation cooling systems
-Exhaust gas coolers
-Evaporators
-Heater cores
-Charge air coolers
-Plastic water charge air coolers
-Fuel coolers
-Oil exchangers
-Oil temperature management systems
-Fans/Motor systems
-Charge air cooler modules
-Front end modules
-Active Grille Shutters
-Radiator tanks
-Air intake modules
-A/C black boxes

Thermal Compressor
-Pallet compressors
-Fixed-cylinder compressors
-Variable cylinder compressors
-Electric and scroll technology compressors
-External control compressors
-Universal compressors

Thermal Front End
-Modules which include fan motors, heat exchangers, lighting systems, safety features, horn, cables, radar and cameras
-Electronically controlled shutters
-Safe and green front ends

Thermal Bus
-HVAC systems for buses
-Heating systems using alternative energy sources
-Ventilation systems
-Roof hatch systems

Comfort and Driving Assistance Systems
Driving Assistance
-360Vue multi-camera systems
-Sightstream camera wing mirror replacement systems
-Lane change assistance systems
-Cross traffic alert systems
-LaneGuide lane departure warning systems
-Semi-automatic parking assistance systems
-Park4U automated parking systems
-Cruise4U automated driving systems
-Road sign detection systems
-Automated high/low-beam switching systems
-Emergency braking systems
-Ultrasonic sensors
-Infrared sensors
-Radar sensors
-Rain-light-humidity sensors
-Infrared laser scanners
-Scala laser scanners

Interior Electronics
-Hands-free access and start systems
-Connectivity to mobile phone networks
-Access to car sharing services and remote parking systems
-Body controllers

Interior Controls
-Top column modules
-Cabin comfort controls and control panels
-Steering angle sensors; angle and torque sensors
-Electronic control units
-Integrated faceplate
-Steering column switch modules
-Window lift switches
-Driver and passenger interface systems such as switches or touchscreens
-HUDs
-Driver monitoring systems
-Intelligent steering-wheel controls
-Steering wheel switches
-Steering sensors
-Torque angle sensors

Visibility Systems
Lighting Systems
-Main and auxiliary headlamps; halogen and Xenon
-LED front lightings
-BiLEDs
-Matrix beam lighting
-Adaptive front lightings
-Fog lights
-LED daytime running lamps
-Thinlens monofunction lighting modules
-Leveling devices and lamp wipers
-Lighting controllers
-Rear lighting including LED rear lamps and center high-mounted stop lamps
-Cabin lighting
-OLED surface lighting
-PeopLED affordable lighting solutions
-Cigar lighters

Wiper Systems
-Arms
-Blades
-Linkages
-Motors
-Reversible motors
-Wash systems
-Front and rear wiper modules
-Electronic wiper systems
-Flat, hybrid, and traditional arm and blade sets
-Clean4U remote windshield defrosting and cleaning systems
-AquaBlade digital camera wiper solution to provide unobstructed view for automated vehicles
-Optical sensor cleaning systems

History

Feb. 1923 Incorporated in France.
1985 Established Societe Holding International B.V. (Netherlands) by a transfer of capital shares from Fraymon (Spain), Valeo S.p.A. (Italy), and Valeo Inc. (U.S.). The new subsidiary was set up to eventually own all Valeo group interests in foreign affiliates.
Established the subsidiaries Valeo Distribution and Societe Holding Valeo do Brasil (Brazil).
1986 Sold interest in SCBP Group and acquired Allevard Industries.
1988 Acquired the car and truck HVAC equipment operations for Ford, Autolatina of Brazil.
Acquired Tibbe KG, a West German supplier of steering wheel locking devices.
Increased interest in Clausor to 90%
1989 Acquired G. Cartier Systemes, France.
Acquired Blackstone Corp.
Acquired Delanair, and renamed company as Valeo Climate Control.
1993 Fully consolidated Valeo Pyeong Hwa, previously a proportionally consolidated joint venture.
Divested Three Star, an engine cooling system company based in South Korea.
Formed joint venture with Seiko-Seiki, based in Japan, to produce and market air compressors for air conditioning systems.
1994 Acquired 100% of Borg Instruments (Germany), a specialist in automotive electronics and manufacturer of information systems and displays.
Sold interest in Usimolde from its Engine Cooling division
Formed 50:50 joint venture called Nobel Plastiques Climatisation.
1995 Acquired Thermal, a German company, through Valeo Kimasysteme.
Signed an agreement with Siemens AG to merge the automotive heating and air-conditioning system businesses of the two companies.
Spun off electric motors business for climate control applications into a new joint subsidiary, Siemens Automotive Moteurs Electriques.
1996 Acquired Fist, an Italian manufacturer of automotive door handles and locks, and renamed company as Valeo Sicurezza Abitacolo.
Acquired 40% interest in Il Tevere, which controls 52% of the capital of Mirgor, an Argentinian manufacturer of cooling systems.
Acquired automobile locking and anti-theft systems business of Ymos.
Acquired alternator and starter businesses of China-based SAEW.
1997 Acquired Univel in Brazil.
Set up Nanjing Valeo Clutch Company, a 50:50 joint venture with Yuejin Motor Corporation to manufacture clutches at Nanjing for both domestic and foreign automakers in China.
Acquired Sagar-Richards, based in the U.K.
Formed 50:50 joint venture in North America with Osram Sylvania for lighting systems called Valeo Sylvania.
Formed 50:50 joint venture with Amalgamations Ltd called Amalgamations Valeo Clutch Limited to produce clutch systems.
Formed joint venture with Anand called Valeo Friction Materials of India Ltd. to produce clutch facings.
Formed 50:50 joint venture with Yujin Motor Corporation called Nanjing Valeo Clutch Company to manufacture clutches.
Sep. 1998 Acquired ITT Automotive Electrical Systems, a world leader in the manufacture of wiper systems components and products for EUR 1,560 million.
1999 Sold 50% interest in the German company Luk GmbH to INA Holding Schaeffler Group.
Sold Prismatic, a Brazilian manufacturer of headlamp glass lenses.
Sold 50% interest in Motrol, a Brazilian manufacturer of door latches.
Sold 30% interest in Siemens Automotive Moteurs Electriques.
Jul. 1999 Acquired the alternators and starters business of Mando Machinery Corporation based in Korea for EUR 150 million.
Oct. 1999 Signed memorandum of understanding with Zexel Corporation in the field of thermal systems.
Dec. 1999 Took over aftermarket sales in Europe of SWF wiper systems which were previously handled by Continental.
2000 Formed strategic alliance with Ichikoh, a Japanese lighting system company .
2005 Acquired the Engine Electronics division of Johnson Controls.
Increased stake in Ichikoh, the Japanese manufacturer of automotive lighting systems and mirrors, to 28.2%.
2007 Sold wiring harness business to Leoni.
2011 Acquired Niles from RHJ International SA and Nissan.
Acquired the Variable Torque Enhancement System (VTES) business of British automotive technology development company Controlled Power Technologies (CPT).
2012 Acquired 80% shareholding in Wuhu Ruby Automotive Lighting Systems from Wuhu Chery Technology, a subsidiary of Chery Automobile. Renamed Wuhu Valeo Automotive Lighting Systems.
Formed joint venture with V. Johnson Enterprises called Detroit Thermal Systems (DTS) to acquire the climate control business of Automotive Components Holdings (ACH).
Reached basic agreement with Ichikoh Industries to restructure their existing lighting businesses in China. The majority of each company's subsidiaries and affiliates in the country will be placed under the management of Valeo Ichikoh Holding Co., Ltd. 
2013

Acquired entire stake held by Osram in their North American joint venture, Valeo Sylvania LLC, making it a wholly owned subsidiary
Sold 100% shares in Valeo's Access Mechanism Business to U-shin Ltd.
Acquired Eltek Electric Vehicles, which is a Norwegian company.
Valeo Japan Co., Ltd. merged Valeo Niles (Niles Co., Ltd.), its wholly owned subsidiary.
Established Wuxi Valeo Automotive Components Systems Co., Ltd. in China.
Dec. 2015 Acquired Spheros, a German supplier of air-conditioning systems for buses.
Acquired peiker, a German supplier of on-board telematics and mobile connectivity solutions.
2016 Acquired a stake in Navya, a company specializing in the development of autonomous shuttles.
Mar. 2016 Completed acquisition of Spheros, a manufacturer of air conditioning systems for buses.
Jun. 2016 Signed agreement to acquire FTE automotive, a manufacturer of clutch and gear actuators, for EUR 819.3 million.
Nov. 2016 Acquired 50% stake in CloudMade, a developer of data-driven automotive solutions.
Feb. 2017 Completed acquisition of Ichikoh, a major supplier of lamps and mirrors for the automotive market.

Supplemental Information 1