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Valeo

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Valeo

Valeo S.A.
Type Société Anonyme
Traded as Euronext: FR
Industry Automotive industry
Founded 1923
Headquarters Paris, France
Key people Jacques Aschenbroich (CEO), Pascal Colombani (Chairman)
Products Auto parts
Revenue € 12.1 billion (2013)[1]
Profit € 439 million (2013)[1]
Employees 74 800 (December 2013)[2]
Website www.valeo.com

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving.

History

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.

Valeo as a corporation, as well as its directors and its own corporate doctor, have been indicted after a decade-long penal procedure in 2006 for homicide, unintentional injury, and failure to assist a person in danger regarding a century-old scandal over asbestos where hundreds of employees have died. [3][4]

The Valeo Group set up high health-security standards since then 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. [5]

Organisation

At the end of 2013, the Group Valeo is present in 29 countries, employs 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:[6]

  1. Thermal Systems:
  2. Powertrain Thermal Systems - TPT
  3. Front End Modules - TFE
  4. Compressors - TCP
  5. Climate Control Systems - TCC
  6. Visibility Systems:
  7. Lighting Systems - VLS
  8. Wipers Activity - VWA
  9. Powertrain Systems:
  10. Electrical Systems - PES
  11. Transmission Systems - PTR
  12. Electronics - PEL
  13. Combustion Engine - PCE
  14. Comfort and Driving Assistance Syst.
  15. Driving Assistance - CDV
  16. Interior Controls - CIC
  17. Interior Electronics - CIE
  18. Financial statistics

    Sales (millions)[7]
    • 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%

    References

    1. ^ a b Annual report 2011
    2. ^ a b Valeo global presence 2011
    3. ^ 31 janvier 2014 (2006-09-20). "Condé-sur-Noireau ravagé par un siècle d'amiante - Libération". Liberation.fr. Retrieved 2014-01-31. 
    4. ^ "Justice : Amiante: le médecin du travail mis en examen - L'EXPRESS". Lexpress.fr. Retrieved 2014-01-31. 
    5. ^ [1]
    6. ^ [2]
    7. ^ valeo.com

    External links

    • Official website
    • Valeo Corporate History
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