Valeo SA. The Company's principal activities are the design, manufacture and distribution of automotive components and systems. Operations are carried out through the following business areas: CLUTCHES AND TRANSMISSIONS: complete systems for cars and trucks; FRICTION MATERIALS; CLIMATE CONTROL: air conditioning systems; ENGINE COOLING: radiators, condensers, oil coolers, fan/motor systems; LIGHTING SYSTEMS: head lamps, signal lighting; ELECTRICAL SYSTEMS: alternators and starter motors; WIPER SYSTEMS AND ELECTRIC MOTORS: complete wiper systems, motors, fuel filling systems; SECURITY SYSTEMS: locks, switches, remote keyless entry systems; ELECTRONICS: control panels, multi-function displays, immobilisers and alarms; DISTRIBUTION: spare parts and after sales service. Electrical equipment accounted for 58% of 2002 revenues; mechanical equipment and other, 37%; distribution, 5%.