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Valeo, founded in 1923 as Societe Anonyme Francaise du Ferodo (SAFF), originally developed brake linings and clutch facings. The firm began developing thermal systems in 1962, lighting systems in 1970, and electrical systems in 1978. It now additionally designs and manufactures climate control, compressor, engine cooling, engine management, security, transmission, and wiper products. Valeo's components, modules, and systems are employed in automobiles and trucks. They are sold to manufacturers, suppliers, and retailers worldwide. The firm is known for its Park4U (TM) parking assistance, OptiVeo (TM) blindspot radar detection, LaneVue (TM) lane departure warning, XLED (TM) adaptive headlamp, MicroOptics (TM) adaptive LED rear light, and Themis (TM) electronic engine cooling product lines. The company's Valeo Service unit offers aftermarket customers high performance products and services. Valeo operates 129 production facilities worldwide. It operates 68 research and development centers. The company has offices across the Americas, Europe, Asia, and Africa. SAFF was renamed Valeo in 1980. Beginning in the 1980s, the firm acquired a number of companies, including Neiman, Paul Journee, Delanair, Blackstone, Ymos AG's Fist Spa, Klimatizacni Systemy Automobilu, and Univel. The firm, operating under the SAFF name, was listed on the Paris Bourse in 1932.
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