Valeo is a French automotive equipment manufacturer. In 2018, the group achieved a turnover of 19.1 billion euros. Valeo employs 113,600 employees in 33 countries spread across 186 production locations, 21 research centers, 38 development centers and 15 distribution platforms. In 2018, as in 2017 and 2016, Valeo ranked first among patent applicants in France according to the inpi with 2,145 patent applications published in 2018.