Delphi Completes Acquisition of Motorized Vehicles Division of FCI

Positions Company As a Leading Automotive Connectors Supplier
Accelerates Long-Term Sales and Earnings Growth

GILLINGHAM, England & TROY, Mich. — (BUSINESS WIRE) — October 26, 2012 — Delphi Automotive PLC (NYSE: DLPH) (“Delphi”) announced today the completion of its acquisition of FCI Group’s Motorized Vehicles Division (“MVL”), a leading global manufacturer of automotive connection systems with a focus on providing high-value, leading technology applications. The transaction is valued at €765 million on a cash and debt-free basis and is forecasted to be $0.24 accretive to 2013 earnings per share, excluding integration and other acquisition-related costs. Delphi is highly confident that it can achieve annual run-rate pre-tax synergies of $80 million by 2015.

“We are excited to complete the acquisition of MVL. We have strengthened our market leadership in the global automotive connector industry and positioned Delphi to further benefit from the growing electronics and safety content in motor vehicles,” said Rodney O'Neal, chief executive officer and president of Delphi. “The combined connector businesses will deliver significant revenue and operating synergies and accelerate our sales and earnings growth.”

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.

About Delphi

Delphi Automotive PLC (NYSE: DLPH) is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Operating major technical centers, manufacturing sites and customer support facilities in 30 countries, Delphi delivers real-world innovations that make products smarter and safer as well as more powerful and efficient. Connect to innovation at www.delphi.com.



Contact:

Delphi Automotive PLC
For Investors:
Jack Monti, +1 248-813-2385
Email Contact
For Media:
Lindsey Williams (USA)
+1 248-813-2528
Email Contact
or
Marie-Pierre Ygrié (Europe)
+33 (0)1 70 76 72 64
Email Contact

Featured Video
Editorial
Jobs
Mechanical Engineer 3 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Engineer 2 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Automate 2025 at Detroit, Michigan, USA MI - May 12 - 15, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise