Delphi Automotive To Buy Antaya Technologies; Terms Undisclosed - Quick Facts

(RTTNews) - Delphi Automotive PLC (DLPH) said that it agreed to acquire Antaya Technologies Corp., a provider of proprietary on-glass connectors, enhancing the company's portfolio in the rapidly growing automotive electrical connectors business. Terms of the transaction were not disclosed.

The transaction is expected to close in the fourth quarter of 2014 subject to receipt of regulatory approvals.

Antaya is the largest manufacturer of on-glass connectors for the automotive glass industry in North America, with a growing customer base in China and Europe. Antaya also supplies lead-free connectors, another area of growth, as global automakers seek more lead-free content in their vehicles.

Antaya provides a broad range of on-glass products including power terminals, antenna assemblies, keyless entry and tire pressure monitoring, and other custom connector assemblies for automotive electronics.