Skip to content

Delphi Seeking to Buy FCI Division


5/25/2012 11:00:00 AM
Write a Letter to the Editor



Print This
 

Vehicle components maker Delphi Automotive said it has entered “exclusive negotiations� to purchase FCI Group’s Motorized Vehicles Division for 765 million euro (about $972 million).

MVL, which manufactures automotive connection systems, will become part of Delphi’s Electrical / Electronic Architecture segment, Delphi said in a statement late Thursday.

MVL generated revenue of 692 million euro in 2011 and is owned by affiliates of Bain Capital.

Delphi said it expects the transaction to close by the end of 2012, subject to acceptance of the offer and regulatory approvals.

The acquisition should increase 2013 earnings by 24 cents per share, Delphi said.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Automation and Data-Management Tools Seen Benefiting Fleets, Logistics Providers (5/28/2012 2:45:00 AM)
Fleet Finance, IT Managers Set Joint Meeting; Will Explore Efficiency, Looming Tax Changes (5/28/2012 2:30:00 AM)
April Trailer Orders Rise 12% After 3 Straight Monthly Drops (5/28/2012 2:15:00 AM)
Durable Orders Edge Up in April (5/24/2012 9:30:00 AM)
LTL Carriers Hope Conference Committee Will Revive Pup-Trailer Expansion Plan (5/21/2012 3:00:00 AM)
Caterpillar Sells Majority Interest in 3PL to Private Equity Firm for $750 Million (5/21/2012 2:15:00 AM)
 

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA