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Thermal CV division of Valeo separates from parent under old name of ‘Spheros’

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By Bradley Osborne - 2nd August 2024

Spheros logo

Germany – The ‘thermal commercial vehicles’ division of French automotive supplier Valeo has separated from its parent as of 1 July, reviving its former name, Spheros, under new ownership.

In March, HIG Capital, an investment firm based in Miami, Florida, USA, signed a definitive agreement with Valeo to acquire the thermal division of its commercial vehicles business. That sale closed on 1 July, and on the 9th, Spheros announced its legal and financial independence under its old brand name.

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