Acquisition further strengthens Delphi's high-growth electrical connectors business Unwired acquisition the second agreement signed this month to significantly enhance company's electrical/electronic architecture portfolio
GILLINGHAM, England — 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.
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.
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.
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