Mexican Media Brands
Delphi Buys British Parts Business
Delphi Automotive plc has completed the acquisition of U.K.-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 million ($998 million).
The partners entered exclusive negotiations for the sale in late May.
#electronics
Share
Delphi Automotive plc has completed the acquisition of U.K.-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 million ($998 million).
The partners entered exclusive negotiations for the sale in late May. Delphi says the deal will expand its presence in Asia and enhance its portfolio of connectors for hybrid and electric vehicles.
The unit, which is known as the Motorized Vehicles division, will become part of Delphi's electrical and electronics business. The Troy, Mich.-based company expects to achieve $80 million (€61 million) of annual pretax synergy savings at the unit by 2015.
RELATED CONTENT
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Honda Re-Imagines and Re-Engineers the Ridgeline
When Honda announced the first-generation Ridgeline in 2005, it opened the press release describing the vehicle: “The Honda Ridgeline re-defines what a truck can be with its true half-ton bed payload capability, an interior similar to a full-size truck and the exterior length of a compact truck.” And all that said, people simply couldn’t get over the way there is a diagonal piece, a sail-shaped buttress, between the cab and the box.
-
Special Report: Toyota & Issues Electric
Although Toyota’s focus on hybrid powertrains at the seeming expense of the development of a portfolio of full battery electric vehicles (BEVs) for the market could cause some concern among those of an environmental orientation, in that Toyota doesn’t seem to be sufficiently supportive of the environment, in their estimation. Here’s something that could cause a reconsideration of that point of view.