At a Glance
Valeo is one of the world’s leading automotive suppliers, designing and manufacturing components and systems for cars and trucks. The Group has 124 Production Site, 21 Research centers, 39 Development centers, 21 Research Centers 10 distribution platforms and employs 61,400 people in 28 countries worldwide.
Headquarters: Paris, France
Industry Sectors: Automotive, Aftermarket
Valeo in Ireland
Valeo Visions Systems based in Tuam consists of an R&D centre and production site which forms part of the Comfort and Driving Assistance Business Group of Valeo. Originally established in 1982 as Connaught Electronics Ltd. (CEL) as a manufacturer of automotive security products, it diversified into camera systems and was acquired in 2007 by Valeo. CEL was a strategic acquisition for Valeo as it complemented Valeo’s existing detection technologies for vehicle parking and maneuvering. Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry. Valeo ranks among the world's top automotive suppliers. The Connaught Automotive Research (CAR) Group at NUI Galway announced a strategic research agreement with Valeo Vision Systems in April 2011, one of the world's leading manufacturers of automotive vision systems.
In January 2011 Valeo announced a major expansion including an R&D Programme at its Irish Operation in Tuam, with an investment of €17m and the creation of up 100 new high-skilled positions over the next three years. This investment programme follows on from the successful launch by Valeo Tuam of its first generation multi-camera systems on the market. The Tuam site currently employs over 400 people.
Commenting on the expansion, Fergus Moyles director, VVS, said: “I am delighted to announce that recruitment is currently under way for the 100 positions announced today. The expansion in Tuam is very significant within the Valeo group as it will play a leading role in ensuring that Valeo maintains its technological leadership position in vision systems, generating innovative new products which exceed our clients’ expectations.”
For further information, please contact IDA Ireland