Business Integration of Valeo Siemens eAutomotive for Valeo Electrification

Valeo Integration Reinforces Electrification

Against the background of Siemens’ agreement to exit the Valeo-Siemens eAutomotive joint venture in February 2022, in July 2022 Valeo will own 100% of the shares of Valeo-Siemens eAutomotive, a leader in high-voltage electrification, and the Powertrain Systems business The integration of the two companies was completed in July 2022.

With this integration, Valeo announces that it will strengthen its position as a major player in electrification, offering solutions for all applications and needs of electric powertrains, from low to high voltage.

Christophe Perilla, Valeo’s Chief Executive Officer, commented, “Valeo’s business is a very important part of our business.

As announced in the Move Up Plan, Valeo is accelerating its electrification. With this acquisition, Valeo has established itself as a leader in electric mobility, with a unique advantage in this market of accelerating electrification, covering a wide range of technologies for all needs and applications. This integration makes us even more innovative and competitive. We will benefit in terms of the unique expertise in high-voltage electrification developed by the Valeo-Siemens eAutomotive team. Valeo will also benefit from its unique ability to innovate and standardize cutting-edge technologies and from its operational excellence in high-volume production. We thank Siemens for their valuable partnership over the past years.”

What can be achieved through the integration of Valeo-Siemens eAutomotive.

• Accelerate the technological roadmap to provide higher performance solutions to customers.
• By 2025, synergies totaling 120 million euros per year are targeted. These synergies will be achieved in phases, with full effectiveness by 2025 (50% in 2023, 75% in 2024, and 100% in 2025).
• Accelerate growth.

“See”
・ Reuters
・ Press Release /Jul 2022

• 2015 Research and technology partnership with Safran, a French company with three core businesses: aerospace (propulsion and equipment), defense, and security

• 2015 Acquisition of German peiker, a leading supplier of automotive telematics and mobile connectivity solutions

• 2015 Acquisition of Spheros, Germany, a world leader in air conditioning systems for buses

• 2016 Acquisition of FTE Automotive (FTE Automotive ), a German company dealing with clutches and gears

• 2017 Acquired Gestigon, a German venture specializing in the development of 3D image processing software for automotive applications

• 2017 Establishment of the Valeo-Kapec joint venture with the Korean PHC Group to become a world leader in torque converters for automatic and continuously variable transmissions.

• 2017 Acquisition of ICHIKO (Ichikoh), a supplier of lamps and other automotive electrical components, through a tender offer by Valeo Baien

• 2022 The Company acquires 100% of the shares of Valeo Siemens eAutomotive, a leader in high-voltage electrification, and integrates them into its Powertrain Systems business.