Ad
Ad
Ad
© dana rothstein dreamstime.com Electronics Production | December 18, 2015

Delphi completes acquisition of HellermannTyton

Delphi Automotive has completed its GBP 1.07 billion acquisition of the HellermannTyton Group PLC, a manufacturer of cable management solutions.
“This transaction strengthens Delphi’s leadership position in the automotive electrical architecture market, while also providing growth opportunities in HellermannTyton’s adjacent industrial end markets,” said Kevin Clark, Delphi president and chief executive officer. “The combined capabilities will allow Delphi to further capitalize on future growth trends while creating significant value for our customers and shareholders.”

Delphi expects the transaction to be 15 cents accretive to earnings per share starting in 2016, excluding one-time expenses for integration.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news