Valeo aims for ‘virtuous circle’
Procedure
Tuesday, 02 May 2017

Valeo aims for ‘virtuous circle’

Multinational automotive aftermarket supplier Valeo says it is looking to new advances in technology to drive revenues. CEO Jacques Aschenbroich explained: “By leveraging the growth opportunities in the automotive industry for electrification, autonomous and connected vehicles, as well as new mobility services driven by digital technology, Valeo is embarking on a virtuous circle of profitable growth.”

The company is also keen to move further into Asia, where it says 37% of OE sales will be generated by 2021, compared with 27% in 2016. Valeo has recently strengthened its position in Japan, in a deal which saw it take control of the country’s leading automotive lighting company, Ichikoh. “Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and south-east Asia – which will account for nearly a third of group sales,” Aschenbroich added.

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