Mexican Media Brands
Delphi Buys U.K. Parts Business
Delphi Automotive plc has completed the acquisition of Gillingham, England-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 million.
#electronics
Share
Delphi Automotive plc has completed the acquisition of Gillingham, England-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 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
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
2017 Buick LaCrosse Premium AWD
The Buick design team deserves the strongest of accolades for their work at transforming the appearance of the brand from one of, well something akin to “the last ride” to one of contemporary stylishness befitting of a the cohort of automotive customers who didn’t cast their first presidential ballot in 1968 or earlier.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems