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Delphi Automotive to buy PE-owned Unwired Technology

Delphi Automotive has concluded to buy Unwired Technology, that is owned by American Capital. No financial terms were disclosed. The understanding is approaching to be finished in a fourth entertain of this year. Headquartered in Auburn Hills, Michigan, Unwired is a provider of USB connectivity modules and wireless headphone systems for a tellurian automotive sector.

PRESS RELEASE

September 30, 2014 09:00 AM Eastern Daylight Time

GILLINGHAM, England–(BUSINESS WIRE)–Delphi Automotive PLC (NYSE: DLPH) has entered into a decisive agreement to acquire media connectivity procedure supplier, Unwired Technology LLC, expanding a information and media connectivity capabilities.

The merger of Unwired follows a recently announced agreement to acquire Antaya Technologies Corp., a heading retailer of exclusive on-glass connectors. The dual acquisitions significantly raise Delphi’s product offerings in a fast flourishing automotive electrical connectors business, giving it some-more ways to accommodate a customers’ needs.

“Media connectivity is a high-growth shred as automobile manufacturers respond fast to consumers’ augmenting enterprise to confederate their smartphones and tablets in their vehicles,” pronounced Rodney O’Neal, Delphi arch executive officer and president. “Unwired’s products strengthen a altogether electrical design and electrical connector offerings, that is ancillary increasing wiring calm per vehicle.”

As consumer wiring turn some-more advanced, automakers are integrating increasingly formidable modules and hubs. Unwired’s connectivity products yield two-way information connectors between smartphones and tablets and in-car infotainment systems, permitting consumers to safely entrance calm in a vehicle. These media connectivity modules can hoop mixed devices, yield high-speed charging capabilities and capacitate seamless entrance to calm by rising infotainment program solutions.

Joseph Damato, arch executive officer and boss of Unwired, stated, “We are vehement to have reached this agreement with Delphi. Combining a highly-complementary media connectivity portfolios will strengthen a expansion opportunities and tellurian reach. By leveraging Unwired’s and Delphi’s common joining to innovation, engineering and product development, we will continue to yield a marketplace with a top peculiarity media connectivity products.”

The transaction is approaching to tighten in a fourth entertain of 2014. Terms of a transaction were not disclosed.

About Delphi
Delphi Automotive (NYSE: DLPH) is a heading tellurian retailer of technologies for a automotive and blurb car markets. Headquartered in Gillingham, England, Delphi operates vital technical centers, production sites and patron support services in 32 countries, with informal domicile in Bascharage, Luxembourg; Sao Paulo, Brazil; Shanghai, China and Troy, Michigan, U.S. Delphi delivers creation for a genuine universe with technologies that make cars and trucks safer as good as some-more powerful, fit and connected. Visit www.delphi.com

About Unwired
Unwired Technology LLC is a marketplace heading engineer and retailer of high-speed USB connectivity modules and wireless headphone systems for a tellurian automotive industry. Headquartered in Auburn Hills, Michigan, Unwired Technology also operates by other offices in Woodbury, New York and Hong Kong, China. The company’s media procedure products yield intelligent energy and information connectivity for unstable media and smartphone inclination when interfacing with today’s modernized car infotainment systems. Unwired Technology is owned by American Capital, Ltd. (Nasdaq: ACAS), a publicly traded private equity organisation and tellurian item manager.

Article source: http://www.pehub.com/2014/09/delphi-automotive-to-buy-pe-owned-unwired-technology/

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