Aptiv extends connectivity excellence with Winchester Interconnect acquisition
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Aptiv extends connectivity excellence with Winchester Interconnect acquisition

Aptiv, formerly part of Delphi Automotive, and now a major name in the future of automobiles, has acquired Winchester Interconnect for $650 million. The company says that the deal is subject to regulatory approval “and other customary closing conditions” and they expect it to be completed by the end of the year.

Aptiv’s share price has risen by 12% so far this year

graph 2007 aptiv

SOURCE: Yahoo Finance

Winchester provides “custom engineered interconnect solutions for harsh environment applications”. In other words, it makes a range of connectors, cables, and other devices that ensure their users can remain connected to the internet despite difficult conditions. What kind of difficult conditions? Oh, the kind you might experience in, say, an aeroplane or an automated factory. The appeal for Aptiv, which is racing to create a world in which self-driving, connected cars, rule the roads, should be obvious.

Aptiv’s president and CEO, Kevin Clark, made the following comment: "Winchester further establishes Aptiv as a market leader in connectivity solutions and is a strategic fit to our Signal & Power Solutions segment. By adding to our over $1 billion in non-automotive revenues today, this transaction further strengthens our adjacent market platform and leverages our harsh environment expertise in engineered components."

As Clark explains above, the acquisition will give Aptiv the additional benefit of looking beyond the automotive industry for business. Winchester will remain an independent business within Aptiv’s Signal & Power Solutions segment.

Disclosure

Dominion holds Aptiv in its Global Trends Managed Fund.


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