GILLINGHAM, England--(BUSINESS WIRE)--
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.”
About Delphi
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.
Forward-Looking Statements
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Automotive PLC (the “Company”), contain forward-looking statements that
reflect, when made, the Company's current views with respect to current
events and financial performance. Such forward-looking statements are
subject to many risks, uncertainties and factors relating to the
Company's operations and business environment, which may cause the
actual results of the Company to be materially different from any future
results. All statements that address future operating, financial or
business performance or the Company's strategies or expectations are
forward-looking statements. Factors that could cause actual results to
differ materially from these forward-looking statements are discussed
under the captions “Risk Factors” and “Management's Discussion and
Analysis of Financial Condition and Results of Operations” in the
Company's filings with the Securities and Exchange Commission. New risks
and uncertainties arise from time to time, and it is impossible for us
to predict these events or how they may affect the Company. It should be
remembered that the price of the ordinary shares and any income from
them can go down as well as up. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events and/or otherwise, except
as may be required by law.
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Source: Delphi Automotive PLC