Delphi acquires HellermannTyton
By Business Wire News
By Business Wire News
Delphi Automotive PLC (NYSE: DLPH) has acquired the HellermannTyton Group PLC, a leading global manufacturer of high-performance and innovative cable management solutions, the company announced today. The transaction is valued at £1.07 billion on a cash and debt-free basis. Delphi expects the transaction to be 15 cents accretive to earnings per share starting in 2016, excluding one-time expenses for integration.
“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 Automotive PLC (NYSE: DLPH) is a leading global technology company for automotive and commercial vehicle markets delivering solutions that help make vehicles safe, green and connected. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 33 countries. Visit www.delphi.com.
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