Delphi Automotive PLC (NYSE: DLPH) has entered into a definitive
agreement to acquire media connectivity module supplier, Unwired
Technology LLC, expanding its data and media connectivity capabilities.
The acquisition of Unwired follows the recently announced agreement to
acquire Antaya Technologies Corp., a leading supplier of proprietary
on-glass connectors. The two acquisitions significantly enhance Delphi’s
product offerings in the rapidly growing automotive electrical
connectors business, giving it more ways to meet its customers’ needs.
“Media connectivity is a high-growth segment as auto manufacturers
respond quickly to consumers’ increasing desire to integrate their
smartphones and tablets in their vehicles,” said Rodney O’Neal, Delphi
chief executive officer and president. “Unwired’s products strengthen
our overall electrical architecture and electrical connector offerings,
which is supporting increased electronics content per vehicle.”
As consumer electronics become more advanced, automakers are integrating
increasingly complex modules and hubs. Unwired’s connectivity products
provide two-way data connections between smartphones and tablets and
in-car infotainment systems, allowing consumers to safely access content
in the vehicle. These media connectivity modules can handle multiple
devices, provide high-speed charging capabilities and enable seamless
access to content through emerging infotainment software solutions.
Joseph Damato, chief executive officer and president of Unwired, stated,
"We are excited to have reached this agreement with Delphi. Combining
our highly-complementary media connectivity portfolios will strengthen
our growth opportunities and global reach. By leveraging Unwired’s and
Delphi’s common commitment to innovation, engineering and product
development, we will continue to provide the market with the highest
quality media connectivity products."
The transaction is expected to close in the fourth quarter of 2014.
Terms of the transaction were not disclosed.
About Delphi
Delphi Automotive (NYSE: DLPH) is a leading global supplier of
technologies for the automotive and commercial vehicle markets.
Headquartered in Gillingham, England, Delphi operates major technical
centers, manufacturing sites and customer support services in 32
countries, with regional headquarters in Bascharage, Luxembourg; Sao
Paulo, Brazil; Shanghai, China and Troy, Michigan, U.S. Delphi delivers
innovation for the real world with technologies that make cars and
trucks safer as well as more powerful, efficient and connected. Visit www.delphi.com
About Unwired
Unwired Technology LLC is a market leading designer and supplier of
high-speed USB connectivity modules and wireless headphone systems for
the global automotive industry. Headquartered in Auburn Hills, Michigan,
Unwired Technology also operates through other offices in Woodbury, New
York and Hong Kong, China. The company's media module products provide
intelligent power and data connectivity for portable media and
smartphone devices when interfacing with today’s advanced vehicle
infotainment systems. Unwired Technology is owned by American Capital,
Ltd. (Nasdaq: ACAS), a publicly traded private equity firm and global
asset manager.
Forward Looking Statements
This press release, as well as other statements made by Delphi
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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