Valeo SA is poised to become North America's second-largest producer of climate-control systems, breaking a tie with Visteon Corp., now that the French supplier has formed a joint venture to acquire operations producing those systems from Ford Motor Co.
Valeo will have an 18 percent market share of HVACs -- heating, ventilation and air conditioning units -- produced for North America-built light vehicles, research firm IHS Automotive estimates.
The region's top producer is Japan's Denso Corp., with 25 percent of North American production. Valeo's rise will drop Visteon to third with 15 percent, followed by Delphi Automotive with 10 percent. The figures do not include sales of condensers, which IHS counts separately.
The acquisition gives Valeo "an immediate 'in' with Ford," said David Smith-Tilley, IHS' London-based director of component forecasts.