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Delphi Automotive looks to pursue $3bn acquisitions this year

ABR Staff Writer Published 01 May 2015

Delphi Automotive is reportedly looking to pursue acquisitions this year with investment of up to $3bn.

Delphi

The announcement comes alongside the company's results for the first quarter.

Delphi Automotive CEO Kevin Clark was quoted by Reuters as saying that there is a possibility of pursuing some larger transactions within the company's core businesses, including wire harnesses, connectors, and powertrain technology.

"It's always tough to predict larger transactions like that but based on where we sit today, I would say it's greater than a 50-50 probability."

During the first quarter, the company recorded revenues of $3.8bn with adjusted operating income of $472m.

For the full-year, Delphi expects revenues between $15.3bn and $15.7 billion with adjusted operating income between $1.98bn and $2.08bn.

Delphi develops technologies for automotive and commercial vehicles, to make them safe, green and connected.


Image: Delphi intends to invest in acquisitions related to core businesses, including powertrain technology. Photo: courtesy of Delphi Automotive LLP.