French automotive supplier Valeo has announced the merger of its thermal and powertrain activities into a unified entity, the Valeo Power division. This strategic move aims to enhance Valeo’s ability to address the electrification market and improve vehicle range, performance, and comfort.
The new Valeo Power division will be based on seven of Valeo’s regional operations and will gradually replace the former Valeo Thermal Systems and Powertrain Systems business groups. Xavier Dupont has been appointed as the Chief Executive Officer of the Valeo Power division and Valeo Group Executive Vice President.
In addition to the merger, Valeo has updated the names of two other divisions to reflect the evolution of its activities. The Valeo Comfort and Driving Assistance business group is now known as the Valeo Brain division, while the Valeo Visibility business group is renamed as the Valeo Light division.
This restructuring aligns with Valeo’s new operational structure, which is organized around these three divisions. These divisions will serve as the financial reporting segments of the Group, starting with the 2024 half-year results.
Christophe Périllat, Valeo CEO, commented on the development, stating, “Today is an important milestone in the story of Valeo with the creation of our new Valeo Power division, born from the merger of our former Powertrain Systems and Thermal Systems Business Groups.” Périllat added, “As we further accelerate in electrification, our Valeo Power division will enable us to offer our customers technologies tailored to market expectations in terms of performance and cost.”
Valeo, known for its innovative solutions for smart mobility and focus on reducing CO2 emissions, is a key supplier and partner to automakers worldwide.
