Valeo integrates 100% of Valeo Siemens eAutomotive’s share capital
Date: 06 Jul 2022
France based automotive technology company and partner to all automakers and
new mobility players, has acquired Siemens’ 50% stake in Valeo Siemens
eAutomotive, as provided for in the agreement signed with Siemens on February
9, 2022. As a result, Valeo now holds 100% of Valeo Siemens eAutomotive, the leader
in high-voltage electrification, which has been integrated into its Powertrain
strategic transaction strengthens Valeo’s position as a major player in
electrification with a full range of low- and high-voltage electric powertrain
solutions covering all uses and needs.
Périllat, Valeo’s Chief Executive Officer, commented: “Valeo is accelerating in
electrification, as announced at the presentation of our Move Up plan. Thanks
to this transaction, Valeo has positioned itself better than ever before as a
leader in electric mobility, with a unique advantage in this fast-accelerating
market and with a range of technologies that covers absolutely all needs and
uses. This integration makes us even more innovative and competitive. We will
benefit from the unique expertise in high-voltage electrification developed by
Valeo Siemens eAutomotive’s teams. In return, the business will benefit from
Valeo’s unique ability to innovate and standardize cutting-edge technologies as
well as from our operational excellence in mass production. I would like to
thank Siemens for their valuable partnership over the past few years.”
Valeo Siemens eAutomotive, Valeo is bringing on board a recognised
technological and industrial leader with approximately 4,000 employees,
including more than 1,600 engineers, 7 production sites in 4 countries (China,
Germany, Hungary and Poland) as well as cutting-edge R&D (laboratories,
test benches, simulation tools) and production capacities.
electric powertrain systems, motors, inverters and onboard chargers feature on
the main platforms of more than 20 automakers and will equip more than 90
electric and plug-in hybrid car models by the end of 2022.
its momentum, Valeo Siemens eAutomotive announced in early June that it had
already exceeded its target of more than 4 billion euros in orders for the
2021–2022 period, more than seven months ahead of its roadmap.
value of the high-voltage electrification market is set to increase
significantly in the coming years and will represent 92 billion euros in 2030
(annualized growth of 17.5% over the 2021–2030 period). 40% of this market will
be outsourced to automotive suppliers. By 2030, the market for vehicles
equipped with high-voltage electric powertrain systems (BEVs and PHEVs) will
account for 35% of automotive production worldwide.
integration of Valeo Siemens eAutomotive will enable Valeo to:
accelerate its growth;
accelerate its technological roadmap to offer its customers increasingly
high-performance solutions (new 800V silicon carbide-based technologies,
co-development and co-production of a rare-earth-free electric motor with
Renault and new bidirectional onboard chargers);
unlock major synergies, with an objective representing a total annual amount of
120 million euros by 2025. These synergies will be achieved progressively, with
the full benefit delivered in 2025 (50% in 2023, 75% in 2024 and 100% in 2025).
this integration, Valeo aims to achieve annual sales growth of more than 12%
(pro forma) for its Powertrain Systems. As a technology company and partner to
all automakers and new mobility players, Valeo is innovating to make mobility
cleaner, safer and smarter. Valeo enjoys technological and industrial
leadership in electrification, driving assistance systems, reinvention of the
interior experience and lighting. These four areas are vital to the transformation
of mobility and will drive the Group's growth in the coming years.
is listed on the Paris Stock Exchange. In 2021, the Group generated sales of
17.3 billion euros and invested 12% of its original equipment sales in R&D.
At December 31, 2021, Valeo had 184 plants, 21 research centers, 43 development
centers and 16 distribution platforms, and employed 103,300 people in 31