Valeo - Thermal Commercial Vehicles

What Valeo - Thermal Commercial Vehicles does

Valeo is a French publicly traded Tier-1 automotive technology supplier (Euronext Paris: FR; founded 1923 as Société Anonyme Française du Ferodo) headquartered in the Paris region, with 100,216 employees and €20.9 billion in Group sales for FY2025 across 29 countries and 149 production, R&D, and distribution sites. The company is organized into four operating units — the Brain Division (ADAS, sensors, software-defined vehicle computing, interior experience), the Power Division (electrification, thermal management, powertrain), the Light Division (automotive lighting and wiper systems, where Valeo holds the #1 global position), and Valeo Service (aftermarket parts and support) — supplemented by a Heavy Commercial Vehicles sub-segment focused on trucks and transportation applications.

The company's core product portfolio spans Valeo SCALA LiDAR (the only mass-produced automotive LiDAR), ADAS Domain Controllers, ultrasonic and camera sensor suites, the 48V Affordable Hybrid System, PictureBeam monolithic adaptive headlights, AquaBlade wiper systems, Smart Cocoon personalized thermal management, heat pump and battery cooling systems, Valeo InBlue digital keys for fleet management, and the Valeo Cyclee 48V e-bike system. The Heavy Commercial Vehicles focus — which is the lens of this profile — combines thermal management for battery cooling and cabin comfort, electrification (48V systems, motor technologies via the MAHLE iBEE partnership), driving assistance (LiDAR, cameras, XtraVue trailer visibility), and digital fleet tools (InBlue) into an integrated offering for truck OEMs.

Valeo generates revenue primarily through direct B2B sales of original equipment components to all major international automakers under individually negotiated OEM contracts, supplemented by aftermarket parts and services distributed through Valeo Service via dealer networks, independent workshops, and the ValeoService.com e-commerce platform. Pricing is not publicly disclosed. The go-to-motion is enterprise field sales supported by ~700 sales directors, Group Customer Directors coordinating multi-division OEM relationships, and 11 National Directorates. With no controlling shareholder (the largest stakes are below 6% held by Sitam Belgique, BpiFrance Participations, and Capital Group), the company operates as a widely held public entity executing its Move Up (2022–2025) and Elevate 2028 strategic plans under CEO Christophe Périllat.

Name

Valeo - Thermal Commercial Vehicles

Legal name

Valeo

Website

https://valeo.com

Company type

Public

Founded year

1923

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Valeo is a French Tier-1 automotive technology supplier developing thermal management, electrification, ADAS, and lighting solutions for major global automakers, with a dedicated focus on heavy commercial vehicle applications including battery cooling, cabin comfort, and fleet digital tools.

Ownership category

akta.pro rank

Product category

Automotive Thermal Management Systems

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Commercial Vehicle Cooling, HVAC & Thermal Management Manufacturing (IMACABAN)

akta.pro secondary industries

Automotive Thermal Management for Electrified Powertrains (Battery/Inverter/Motor Cooling) (IMACALAD), Thermal Management Systems for EVs (Battery/E-Powertrain Cooling & Heating) (IMACACAG)

Keywords

• Automotive thermal management
• Commercial vehicle climate systems
• EV battery cooling solutions
• Cabin heating technologies
• Heat pump systems

Headquarters

HQ city

Créteil

HQ country

France

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Original Equipment (OE) Sales to Automakers: Valeo designs, develops and manufactures automotive components and systems sold directly to automakers worldwide for new vehicle production.
2. Aftermarket Parts and Services: Valeo Service supplies original equipment spares to dealer networks and replacement parts to the independent aftermarket, serving automaker aftermarket networks, independent aftermarket dealers, workshops, EV charging solution dealers and installers, and electric bicycle repair shops.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Valeo Thermal Commercial Vehicles develops and manufactures thermal management systems for heavy commercial vehicles, including heat pump systems, battery thermal management, cabin comfort solutions (Smart Cocoon, FlexHeater), and air-conditioning loops. The offering also extends to 48V hybrid electrification systems and digital fleet management technologies (InBlue) for trucks and commercial transportation. These solutions are designed for both electric and hybrid commercial vehicles to reduce CO2 emissions, extend EV range, and improve driver comfort.

Product overview

Valeo is a global automotive technology company organized into three main divisions: Brain Division (driving automation and interior experience), Power Division (electrification and thermal management), and Light Division (lighting and wiper systems), plus Valeo Service for aftermarket support. The company offers an integrated portfolio of products including LiDAR sensors (Valeo SCALA), ADAS computing units (Domain Controllers), camera systems, 48V electrification solutions, adaptive lighting (PictureBeam), thermal management systems (Smart Cocoon, Heat Pumps), and software-defined vehicle technologies. Valeo's thermal management systems for commercial vehicles include battery cooling, cabin comfort solutions, and energy-efficient heating systems designed for electric and hybrid commercial vehicles.

Differentiator

Problem solved

Functional benefit

Brands

• Valeo Service: Aftermarket specialist supplying original equipment spares to dealer networks and replacement parts to the independent aftermarket
• Valeo Brain
• Valeo Power
• Valeo Light
• Valeo SCALA
• Park4U
• AquaBlade
• XtraVue

Products and services

• Heat Pump Systems for Electric Vehicles
• Smart Cocoon Personalized Thermal Comfort
• FlexHeater Cabin Heating Solution
• 48V Affordable Hybrid System
• Valeo InBlue Digital Virtual Key
• Air-Conditioning Loop Systems

Quantifiable outcome

• Up to 50% energy savings at -7°C with Smart Cocoon solution
• +6 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature8 records

Partnerships

One partnership is on record.

• MAHLEsignificantStrategic or Co-development Partner · 1 November 2025Valeo and MAHLE iBEE System collaboration for a high-efficiency brushless EESM (External Rotor Electric Synchronous Machine) for premium electric powertrains. This partnership combines Valeo's electric motor expertise with MAHLE's thermal and electronics capabilities.

Scale indicators20 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Denso: Japanese automotive components giant with major thermal management systems business for both passenger and commercial vehicles. Directly competes with Valeo's Power Division on HVAC and battery cooling for electrified commercial vehicles globally.
• Mahle: German automotive supplier with strong thermal management and powertrain expertise for commercial vehicles; recently entered a co-development partnership with Valeo for EESM electric motors. Operates as both competitor and partner in commercial vehicle thermal and electrification.
• Hanon Systems: South Korea-based specialist in automotive HVAC and thermal management for passenger and commercial vehicles. Directly competes with Valeo's thermal portfolio including battery cooling, heat pumps, and cabin climate systems for trucks.
• Webasto: German automotive supplier focused on thermal management, particularly heaters, parking heaters, and battery thermal systems for commercial and passenger EVs. Direct thermal management competitor in the European commercial vehicle market.
• Marelli: Italian-Japanese automotive supplier with thermal and HVAC products for commercial vehicles and passenger cars. Competes with Valeo in thermal management modules and climate control systems across global OEMs.
• Modine Manufacturing: U.S.-based thermal management specialist with a dedicated Commercial Vehicles & Industrial business segment serving trucks and off-highway equipment. Competes head-to-head with Valeo in commercial vehicle cooling and battery thermal management.
• Gentherm: U.S.-based thermal management and comfort technology provider with growing presence in automotive battery thermal management for EVs. Competes with Valeo in climate-controlled seating and electric vehicle thermal solutions.

Emerging players

• Grayson Thermal Management: U.K.-based thermal management specialist focused on electric vehicle battery cooling and commercial vehicle thermal systems. Smaller, niche player compared to Valeo but with focused EV thermal expertise relevant to Valeo's commercial vehicle electrification.

Broad incumbents

• Bosch (Automotive Thermal): Massive German automotive supplier with broad thermal management offerings across passenger and commercial vehicles as part of its larger mobility solutions portfolio. Overlaps with Valeo's thermal business but operates as one of many product lines within Bosch Mobility.

Others

• Subaru (Heavy Industries/Commercial Vehicle Thermal): Industrial thermal systems group providing heat exchangers and radiators for trucks, buses, and industrial machinery. Adjacent thermal component supplier rather than full-system competitor to Valeo's integrated thermal modules.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Valeo
• Xx.com/Valeo_Group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Valeo - Thermal Commercial Vehicles