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Delphi Automotive PLC Acquires HellermannTyton Group PLC

time:2015-08-09 browse:377次

On July 30, 2015, Delphi Automotive PLC in the United States and HellermannTyton Group PLC in the UK signed an agreement to acquire the latter for $ 1.7 billion. Month is complete. Upon completion of the acquisition, Hellman Taitong will be merged into the Delphi Electronics / Electrical Architecture Systems business unit.

Comment: Delphi said that the transaction will help it strengthen its strength in the field of connected vehicles and strengthen its position in the electrical system market. Kevin P. Clark, President and CEO of Delphi, said that due to the growing demand for connected car technology, electrical systems will play a more important role in the future. Highly engineered and customized connected car technology and cable harness management solutions are key development directions .