Market Overview

Delphi Signs Definitive Agreement To Acquire Unwired Technology LLC, No Terms

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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.

Posted-In: News Press Releases

 

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