Valeo is a Tier One automotive supplier that specializes in advanced driver-assistance systems (ADAS), interior, lighting, power train and thermal management systems. The $17 billion French company operates 184 plants in 31 countries around the world that support both traditional automakers and startups. Valeo is based in Paris, but its North American headquarters is located in Troy, MI.
Next year, Valeo will celebrate its centennial. The company traces its roots to a small workshop outside of Paris that made brake linings and friction materials. By the 1930s, Valeo expanded into clutches, followed by thermal systems in the 1960s. In the 1970s, the company branched out into electrical components and lighting, following the acquisition of Cibie and Marchal.