Delphi buys MVL

25 May 2012  

COMPONENT firm Delphi Automotive has announced that it has entered into negotiations and has made an offer to acquire tech firm FCI Group’s Motorised Vehicles Division (MVL).  MVL is a manufacturer of vehicle connection systems with a focus on high-value, leading technology applications.

The transaction is valued at €765 million on a cash and debt-free and is expected to close by year-end 2012, subject to acceptance of the offer and regulatory approvals.

Liam Butterworth, president of MVL, stated, “The opportunity to join an organisation like Delphi, with an outstanding reputation in the connector and electronic architecture industries, will better position us to pursue future growth opportunities”