Yeah right, these guys seem like decent size hitters in the...

Yeah right, these guys seem like decent size hitters in the European Market

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. 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 with a strong development in China. 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.

Valeo is structured around four business units:
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.
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