Valeo SA is a France-based industrial company focused on the design, production and sale of components, systems and modules for cars and trucks on the original equipment market and also the aftermarket via its subsidiary, Valeo Service. The Company has 10 products families: lighting systems, wiper systems, interior controls, electrical systems, security systems, engine management systems, compressors, climate control, engine cooling and transmissions. As of December 2008, the Company is present in 27 countries with 121 production sites, 61 Research and Development centers and 10 distribution platforms. On May 31, 2008, Valeo SA sold its heavy duty engine cooling division to EQT. The Company also entered the Russian market in 2008 with the creation of a joint venture with Russian automotive systems supplier, Itelma. In November 2009, the Company acquired 100% interest in its joint venture in China, Valeo Compressor (Changchun) Co., Ltd.