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
-
Magna Advances Seating Configurations
Magna International is focusing on electrification, autonomy and smart mobility. This is taking the form of things ranging from an electrified system for rear axles (eDrive 1.0) to a collaborative arrangement with Lyft, which includes the co-development and manufacture of self-driving systems.
-
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.
-
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.