Valeo Flux actualités valeo Tue, 17 Jan 2017 11:02:08 +0100 Zend_Feed_Writer 1.12.0 (http://framework.zend.com) http://www.valeo.com admin@valeo.com (valeo) valeo Valeo announces the successful completion of the Ichikoh takeover bid launched on November 22, 2016 Paris, January 13, 2017- Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, which ran from November 24, 2016 to January 12, 2017, at price of JPY 408 per share. As the offer was oversubscribed, the financial intermediaries will reduce the shares to be acquired by Valeo on a prorated basis, by approximately 30.26%.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-successful-completion-of-the-ichikoh-takeover-bid-launched-on-november-22-2016-10975.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-successful-completion-of-the-ichikoh-takeover-bid-launched-on-november-22-2016-10975.html On settlement of the transaction, scheduled for January 20, 2017, Valeo will hold 55.08% of Ichikoh's capital and will thus take control of Japan's leading automotive lighting company, which will remain listed on the Tokyo Stock Exchange. Ichikoh will be fully consolidated by Valeo as from February 1, 2017.

Valeo announced on December 12, 2016 that it had obtained the necessary approvals from the relevant anti-trust authorities to proceed with the transaction.

Valeo and Ichikoh are delighted with the offer's success and would like to thank the contributing shareholders.

Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, said:
"I am proud to welcome Ichikoh's 5,300 employees to the Valeo family. Thanks to the takeover of Ichikoh, Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and Southeast Asia – which will account for nearly a third of Group sales.”

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

VALEO
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+33 (0)1 40 55 29 72 | +33 (0)1 40 55 21 20
press-contact.mailbox@valeo.com
www.valeo.com

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Valeo announces the outcome of its 500 million euro bond issue with maturity in january 11, 2023 Paris, January 4, 2017 – Valeo announced the placement of 500 million euros’ worth of new bonds with maturity in January 11, 2023.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-outcome-of-its-500-million-euro-bond-issue-with-maturity-in-january-11-2023-10974.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-outcome-of-its-500-million-euro-bond-issue-with-maturity-in-january-11-2023-10974.html This bond issue enabled the placement in favorable conditions of 500 million euros’ worth of bonds with 6-year maturity and a coupon of 0.625%. BNP Paribas, CITI, CM-CIC, Natixis and Mizuho were joint leader managers on this transaction.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Valeo announces the world reveal of five major innovations at CES Las Vegas Las Vegas, January 4, 2017 – For the fourth year running, Valeo will be at the CES in Las Vegas, where it will give five major innovations their world debut. The technologies on display at the Gold Lot Circuit and the Central Plaza booth show what the car of tomorrow will look like, in line with new ways of getting around: it will be more autonomous, more connected and more environmentally friendly.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-world-reveal-of-five-major-innovations-at-ces-las-vegas-10970.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-world-reveal-of-five-major-innovations-at-ces-las-vegas-10970.html The five major innovations demonstrate Valeo’s ability to offer complete, innovative technology systems:

  • Valeo eCruise4U, a real technological feat that fully meets the needs of city dwellers. On board the demonstration vehicle, attendees can experience automated driving in electric mode.

  • Valeo XtraVue, a set of connected computer-vision cameras that show drivers what is happening on the road, even outside their line of sight.

  • Valeo 360AEB Nearshield, a new autonomous emergency braking system that eliminates blind spots, alerts drivers to any potential obstacles and brings the vehicle to an automatic halt to prevent impact if necessary.

  • Valeo C-Stream, the new Valeo dome module that replaces the central rearview mirror and maps out the vehicle’s cabin. It can determine the number of people traveling in the car and ensure that drivers are suitably alert.

  • Valeo Cockpit the Experience of Traveling. The technology demonstrator is a unique and original solution that combines a groundbreaking and innovative range of products designed to shape the sensory experience associated with new ways of using cars.

All of these innovations combine to form a new, more electric and therefore more environmentally friendly type of mobility that offers greater vehicle autonomy, improved comfort thanks to enhanced intelligence and better shareability thanks to extended connectivity.

Given that the total number of vehicles worldwide is expected grow, Valeo is committed to making the car safer, more energy efficient and more automated while also equipping it with cognitive abilities. In short, vehicle usage and the driving experience are about to be totally reinvented.

WIDELY ACCESSIBLE INNOVATIONS

Valeo’s innovations are marketed at competitive prices so as to be widely accessible throughout the world.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Just 40 days left to register to create the world's next automotive marvel in the 2017 Valeo Innovation Challenge Paris, December 21, 2016 – With 158 teams already signed up from 35 different countries, including six from France, the 2017 Valeo Innovation Challenge is breaking all its past records and setting up to be a particularly tight contest. And participation is bound to increase, as future candidates still have 40 days left to register. They will be competing to win one of two €100,000 first prizes or one of two €10,000 second prizes.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/just-40-days-left-to-register-to-create-the-world-s-next-automotive-marvel-in-the-2017-valeo-innovation-challenge-10965.html http://www.valeo.com/journalistes/actualite/just-40-days-left-to-register-to-create-the-world-s-next-automotive-marvel-in-the-2017-valeo-innovation-challenge-10965.html This year's challenge comes with a new option: the possibility of including a teacher on the competing team. The rules will otherwise be the same as in previous years. Students from all disciplines are invited to enter, in teams of two to five people. The teams must sign up on the contest website https://valeoinnovationchallenge.valeo.com in one of the two available categories: "technological innovation" or "idea for new ways of using cars". Their job is to come up with the innovation or idea that will make cars smarter, cleaner, more fun and more intuitive by 2030.

In each of the two categories, the winning team will take home a grand prize of €100,000 and the second-place team a prize of €10,000. Furthermore, in addition to the €100,000 in prize money, the winning team in the "technological innovation" category will, for the first time ever, have the exceptional opportunity to join a Valeo-partnered start-up accelerator to develop their project in a dedicated environment in contact with other start-ups.

Students are being challenged to venture off the beaten track, break down traditional barriers in the automotive industry and take a fresh look at conventional car practices, in the city, in the suburbs and on the highway, to re-imagine tomorrow's mobility solutions. To make the most of every opportunity and every phase of the contest, go to: https://valeoinnovationchallenge.valeo.com.

Timetable

  • January 31, 2017: Registration deadline

  • March 17, 2017: 24 semi-finalist teams announced

  • March 17, 2017 – July 7, 2017: Project’s development (teams each given €5,000)

  • September 13, 2017: Eight finalist teams announced

  • October 2017: Projects presented to the panel and winners announced

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Valeo has obtained approval from the japanese competition authority to take the control of Ichikoh in case of success of its takeover bid Paris, December 12, 2016 – Valeo has obtained approval from the Japanese Competition Authority (Japan Fair Trade Commission) to take the control of Ichikoh in case of success of its takeover bid launched on November 24, 2016 for the shares of Ichikoh, a Japanese company listed on the First Section of the Tokyo Stock Exchange in which Valeo currently holds 31.58% of the capital.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-has-obtained-approval-from-the-japanese-competition-authority-to-take-the-control-of-ichikoh-in-case-of-success-of-its-takeover-bid-10963.html http://www.valeo.com/journalistes/actualite/valeo-has-obtained-approval-from-the-japanese-competition-authority-to-take-the-control-of-ichikoh-in-case-of-success-of-its-takeover-bid-10963.html The approval by the Japanese Competition Authority was one of the conditions of the Valeo’s takeover bid for Ichikoh, which is still subject to Valeo obtaining at least 50.09% of Ichikoh's capital (including the shares it already holds).

With this takeover bid, which has run from November 24, 2016 and will end on January 12, 2017, Valeo is offering to buy shares from Ichikoh shareholders at a price of JPY 408 per share. The takeover bid is capped at 55.08% of the capital in order to maintain the liquidity of the Ichikoh share, which will continue to be listed on the Tokyo Stock Exchange.



Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development.
Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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The joint venture by Valeo and Siemens dedicated to high voltage powertrains starts operation • Valeo and Siemens announce the closing of the joint venture dedicated to High Voltage Powertrains 
The Joint venture is named Valeo Siemens eAutomotive 
The Management team is announced 
Valeo Siemens eAutomotive will become a strong player in the fast growing market of automotive electrification]]>
Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/the-joint-venture-by-valeo-and-siemens-dedicated-to-high-voltage-powertrains-starts-operation-10961.html http://www.valeo.com/journalistes/actualite/the-joint-venture-by-valeo-and-siemens-dedicated-to-high-voltage-powertrains-starts-operation-10961.html Paris, December 1, 2016 - The joint venture between Valeo and Siemens starts operation immediately. The name of the new company is Valeo Siemens eAutomotive GmbH and will be managed by Louis Pourdieu (CEO) and Peter Geilen (CFO).

“I am truly delighted about the creation of this joint venture, which will enable us to provide solutions for all vehicle manufacturers, whatever their powertrain electrification needs” said Jacques Aschenbroich, Chairman and Chief Executive Officer of Valeo.

Klaus Helmrich, Member of the Managing Board of Siemens AG, said: “Only seven months after signing of the agreement, we are happy to announce the closing of our transaction and start of operations of our joint venture with Valeo. The new company will be a true global leader in the growing electro mobility market.”

In April 2016, Valeo and Siemens signed an agreement to form a joint venture in high voltage powertrains for on road vehicles. According to the agreement, Siemens and Valeo will each hold a 50% stake in the joint venture and have joint control. With this move Valeo and Siemens create a global leader for the supply of innovative and affordable high-voltage components and systems for the entire range of on road electric vehicles including hybrids, plug-in hybrids and full electric vehicles. The portfolio comprises e-motors, range extenders, onboard chargers, inverters and DC/DC converters. Valeo will contribute to the joint venture its high voltage power electronics, range extenders and charging solutions and Siemens its eCar Powertrain Systems business unit including e-motors and power electronics.

Building upon their complementary scope and portfolio, the joint venture will benefit from substantial synergies in manufacturing and sourcing and create a base for sustained growth and profitability. The electric vehicle components market is expected to grow with a compound annual growth rate of more than 20% until 2020.

About the joint venture:

  • Valeo Siemens eAutomotive will be headquartered in Erlangen, Germany;

  • The joint company will count R&D centers in France (Cergy-Pontoise), Germany (Erlangen, Bad Neustadt), Norway (Drammen) and China (Shanghai) as well as plants in Germany (Erlangen, Bad Neustadt), Hungary (Veszprem), Poland (Czechowice) and China (Changzhou, Shenzen and Tianjin);

  • It will have a total of around 1,000 employees.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes, through its 4 Business Groups (Comfort and Driving Assistance Systems; Powertrain Systems; Thermal Systems; Visibility Systems) and Valeo Service, its aftermarket activity, innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of €14.5 billion and invested over 10% of its original equipment sales in research and development, staffed by 12,000 engineers and technicians. Valeo has 134 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.Further information is available on the Internet at www.valeo.com

Media contacts 
Press-contact.mailbox@valeo.com
+33 6 21 47 88 69 | +33 6 81 73 83 41 
www.valeo.com 
@Valeo_Group 

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Media contacts 
www.siemens.com
@siemens_press 

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FTE acquisition - Valeo announces its withdrawal from phase 1 in order to better address concerns from the european commission in the framework of its antitrust review Paris, November 30, 2016 - On June 2, 2016, Valeo and Bain Capital entered into an agreement relating to the acquisition of FTE by Valeo. The Brazilian Antitrust Authority cleared the acquisition on November 3, 2016.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/fte-acquisition-valeo-announces-its-withdrawal-from-phase-1-in-order-to-better-address-concerns-from-the-european-commission-in-the-framework-of-its-antitrust-review-10959.html http://www.valeo.com/journalistes/actualite/fte-acquisition-valeo-announces-its-withdrawal-from-phase-1-in-order-to-better-address-concerns-from-the-european-commission-in-the-framework-of-its-antitrust-review-10959.html In its Phase 1 review, the European Commission expressed concerns about the acquisition. After discussion with the European Commission, Valeo, in agreement with Bain Capital, has decided to withdraw its merger notification to address the European Commission's concerns, and intends to renotify the acquisition as soon as possible, in view of getting clearance of the acquisition of FTE and closing the transaction during the course of 2017.

Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Valeo announces the launch of a takeover bid for the shares of Ichikoh Paris, November 22, 2016 - Valeo has announced the launch of a takeover bid for the shares of Ichikoh, a Japanese company listed on the First Section of the Tokyo Stock Exchange. Valeo acquired an initial stake in Ichikoh on April 27, 2000 and currently holds 31.58% of the capital.]]> Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-announces-the-launch-of-a-takeover-bid-for-the-shares-of-ichikoh-10949.html http://www.valeo.com/journalistes/actualite/valeo-announces-the-launch-of-a-takeover-bid-for-the-shares-of-ichikoh-10949.html Timing and conditions
With this takeover bid, Valeo is offering to buy shares from Ichikoh shareholders at a price of JPY 408 per share. The offer will run from November 24, 2016 to January 12, 2017. Its completion is subject to Valeo obtaining at least 50.09% of Ichikoh's capital (including the shares it already holds), with Valeo's stake being capped at 55,08% of the capital in order to maintain the liquidity of the Ichikoh share, which will continue to be listed on the Tokyo Stock Exchange.
The transaction is subject to the approval of the relevant anti-trust authorities.

Strategic rationale
Since Valeo's purchase of a minority stake in Ichikoh in 2000, the two lighting specialists have developed a successful alliance. Today, the industry is undergoing technological transformations, such as the popularization of LED technology and the emergence of many innovative LED-enabled features. These trends have encouraged Valeo and Ichikoh to strengthen their ties in order to provide a better product offering to Japanese customers. In early 2014, Valeo had taken a major strategic step in expanding its overall automotive lighting systems offering with the acquisition of Osram's 50% stake in the Valeo-Sylvania joint venture. The Ichikoh takeover bid represents another key step in the development of the Valeo-Ichikoh duo's lighting business, providing Valeo with an excellent manufacturing footprint in Asia, mainly in Japan, but also in Thailand, Malaysia and Indonesia.

Value creation
Ichikoh, with sales of JPY 102,143 million (*) and 5,258 employees, has margins that are currently lower than Valeo's. In the short term, this will translate into a slightly negative impact, estimated at 0.2 pt, on the Group's operating margin. However, Valeo has demonstrated its ability to absorb lighting businesses and make them profitable, and can therefore expect to bring Ichikoh's performance into close alignment with the Group's within just a few years. Furthermore, the consolidation of Ichikoh by Valeo will have a slightly accretive impact on earnings per share.

To achieve the desired outcome, Valeo and Ichikoh will be leveraging (i) sales synergies that could develop out of a worldwide product offering, (ii) an optimized manufacturing footprint, (iii) R&D synergies, (iv) purchasing synergies, in particular for electronics, which represent a growing proportion of the value of innovative lighting products, and (iv) administrative synergies.

(*) €888.2 million (consolidated sales for the previous fiscal year ended March 31, 2016).



Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving. In 2015, the Group generated sales of 14.5 billion euros and invested over 10% of its original equipment sales in research and development. Valeo has 148 plants, 19 research centers, 35 development centers and 15 distribution platforms, and employs 88,800 people in 32 countries worldwide. Valeo is listed on the Paris stock exchange and is a member of the CAC 40 index.

Contact presse
press-contact.mailbox@valeo.com
+33 (0)6 21 47 88 69 | +33 (0)6 81 73 83 41
www.valeo.com
@Valeo_Group

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Determination of the final price of the “tap issue” of USD 125 million non-dilutive cash-settled convertible bonds Paris, France, November 10, 2016 - In connection with the “tap issue” of non-dilutive cash-settled convertible bonds (the “New Bonds”) with a nominal amount of USD 125 million, fully fungible with and assimilated to the non-dilutive cash-settled convertible bonds due June 2021 issued by Valeo on June 2016 (the “Original Bonds”, together with the New Bonds, the “Bonds”), Valeo (“Valeo”) hereby notifies the purchasers of the New Bonds of the following determination and calculations:

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Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/determination-of-the-final-price-of-the-tap-issue-of-usd-125-million-non-dilutive-cash-settled-convertible-bonds-10945.html http://www.valeo.com/journalistes/actualite/determination-of-the-final-price-of-the-tap-issue-of-usd-125-million-non-dilutive-cash-settled-convertible-bonds-10945.html
  • The Additional Issue Share Reference Price of this tap issue is EUR 50.5537;

  • The reference FX rate (being the fixing reference rate EUR/USD on November 10, 2016) is EUR 1 = USD 1.0880; and

  • The Final Tap price that was determined following the reference period is USD 214,440.74 per New Bond.

  • The price of the cash-settled call options purchased by Valeo to hedge its exposure to pay cash amounts upon any potential exercise of conversion rights embedded in the New Bonds will be adjusted for an equal amount.



    Available Information
    Detailed information on Valeo, including its business, results, prospects and related risk factors are described in Valeo’s reference document filed with the AMF on 25 March 2016 under number D.16-0211, together with all the press releases and other regulated information about Valeo, which are available on Valeo’s website (www.valeo.com).

     This press release is available at www.valeo.com.



    Contact
    Media Relations
    press-contact.mailbox@valeo.com
    +33 (0)1 40 55 21 20 | 37 18
    Investor Relations: Thierry Lacorre
    thierry.lacorre@valeo.com
    +33 (0)1 40 55 37 93

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    Valeo acquires a 50% stake in cloudmade Paris, November 10, 2016 – Valeo today announced its acquisition of a 50% stake in the capital of CloudMade, a developer of smart and innovative big data-driven automotive solutions such as a machine learning platform. The purpose is to improve and personalize vehicle comfort and safety for motorists and their passengers.

    ]]>
    Tue, 17 Jan 2017 11:02:08 +0100 http://www.valeo.com/journalistes/actualite/valeo-acquires-a-50-stake-in-cloudmade-10943.html http://www.valeo.com/journalistes/actualite/valeo-acquires-a-50-stake-in-cloudmade-10943.html CloudMade is a pioneering start-up in machine learning and artificial intelligence, with a focus on designing applications for the car industry. Valeo's investment in the company will provide it with the financial and technological resources it needs to fully achieve its development.

    Valeo's expertise in the technologies required to develop driving assistance applications (sensors, cameras and laser scanners) as well as connectivity, human-machine interface and thermal climate control solutions, combined with CloudMade's command of big data processing, artificial intelligence and predictive engines, will allow CloudMade to provide its carmaker customers with solutions to continuously adapt driving assistance functions to the profile of each individual driver. This radically innovative product offering will enhance the user experience in terms of both intuitive driving and in-vehicle well-being.

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