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 Embrayages, Valeo Materiaux de Friction, Valeo Vision, Valeo Service Benelux BV, Valeo Otomotiv Sistemleri Endustrisi A.S., among others. In September 2013, it acquired Eltek Electric Vehicles. In January 2014, it acquired 50% of Valeo Sylvania. In February 2014, it sold 50% of its Indian access mechanisms joint venture to Minda.