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Delphi to buy HellermannTyton for $1.7 billion in connected-car drive

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An autonomous car from Delphi departs Treasure Island for a cross-country trip from San Francisco to New York City in San Francisco, California March 22, …

REUTERS - U.S.-listed auto parts supplier Delphi Automotive is buying British cable equipment maker HellermannTyton Group for about 1.1 billion pounds ($1.7 billion) as it seeks to capitalise on the growing connected-car market.

Delphi said it expects HellermannTyton, which makes products for fastening, fixing, and protecting cables, to help it take advantage of increasing demand for vehicles that connect to the web and smart devices such as phones and tablets.

"With consumers now demanding more connectivity in their vehicles, electrical architecture is the enabler to that added vehicle content," said Delphi Chief Executive Kevin...


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