This Week:

• Designing The Future GM Vice President Of Design Builds The 1951 Le Sabre For The Next Millennium Still A Half-Century Away
  .

• J Mays: Design Chairman 2001 Eyes on Design
  .

• Toyota Announces Prices And Four New Factory Options For 2002 Prius
  .

• A 3,6 litre engine and a new look for 911 Carrera models
  .

• BMW Sales Continue At Record Levels
  .

• Dynamic, elegant, versatile: The new Audi A4 Avant
  .

• Customer Orders to Be Processed Much Quicker in the Future
  .

• Pontiac Asks, "What Color Is Your Vibe?"
  .

• Chrysler Group Names New Marketing Partners
  .

• Delphi Completes Specialty Electronics Inc. Acquisition
  .

© 1998 - 2001 Copyright & 
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com  

News of  June 06, 2001

Delphi Completes Specialty Electronics Inc. Acquisition

Broadens Access to New Markets Through Connection Systems Customers

TROY, Mich. - Delphi Automotive Systems announced that it has finalized the purchase of Specialty Electronics Inc. for $21.8 million.  Specialty is a provider of electronic connector products and customized interconnect solutions to the telecommunications, computer, industrial electronics, medical and automotive markets, which fits Delphi's strategic expansion into new markets.

The acquired business will be aligned with the recently established Delphi Connection Systems business unit, and will immediately assume the Delphi Connection Systems-Specialty Electronics name.  The acquisition, which is expected to be financially accretive in the first full year of ownership, exceeds Delphi's long-term return objectives, and further positions Delphi to profitably grow Delphi Connection Systems' business in the telecom, computer peripherals and medical connection markets, as well as the automotive arena.

In conjunction with this announcement, Erol Kirayoglu is named managing director of Delphi Connection Systems-Specialty Electronics, with continued responsibility to oversee the global operations and growth of the business. Kirayoglu was the co-founder of Specialty Electronics in 1984.

Delphi Connection Systems-Specialty Electronics employs approximately 180 employees with engineering, sales and manufacturing facilities in Mexico, Singapore and Landrum, S.C.

(June 04, 2001)

[Homepage] [ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]