Delphi To Buy HellermannTyton Group For GBP1.07 Bln - Quick Facts

(RTTNews) - Delphi Automotive PLC (DLPH) Thursday said it has reached agreement on a recommended offer to acquire HellermannTyton Group PLC (HTY.L), a global manufacturer of high-performance and innovative cable management solutions, for 480 pence in cash per share, which translates to approximately 1.07 billion pounds of market capitalization. This implies an enterprise value of $1.85 billion.

Delphi expects the transaction to be 15 cents accretive to earnings per share starting in 2016.

The transaction has been recommended by the board of HellermannTyton and is expected to close late in the fourth quarter of 2015. When completed, HellermannTyton will become part of Delphi's Electrical/Electronic Architecture segment.

The purchase expands Delphi's product portfolio within the connected vehicle solutions market and will help it capitalize on the connected car megatrend.

It also further strengthens Delphi's position in the electrical architecture market, while providing a platform to grow in HellermannTyton's adjacent industrial end markets, including aerospace, defense, alternative energy and mass transit.

Delphi also said it has acquired software company, Ottomatika, and has made a strategic investment in 3D LiDAR sensing leader, Quanergy.

The company also made a minority investment in Tula Technology, which develops software that provides cost-efficient, fuel economy gains in cylinder deactivation technology.