Valeo SA is a France-based industrial company focused on the design, production and sale of components, integrated systems and modules for the automotive industry. The Company has four Business Groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems and Visibility Systems. For replacement parts and services, Valeo SA supplies the original equipment spares (OES) and independent aftermarket (IAM) through its dedicated Valeo Service organization, which cooperates with the Business Groups. The Company operates various subsidiaries, including Valeo International Holding, Valeo Systemes Thermiques, Valeo Systemes de Controle Moteur, Valeo Vision, Valeo Service Benelux BV, Valeo Otomotiv Sistemleri Endustrisi A.S., among others. In August 2014, the Company transferred 26.5% of the total capital of VLI S.A. (VLI) to investment funds managed by Brookfield Asset Management (Brookfield); as a result, the Company holds 37.6% of VLI SA's total share capital.