Builds upon strong track record of bolt-on acquisitions
DUBLIN (STL.News) – Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, announced today that it has entered into a definitive agreement to acquire gabo Systemtechnik GmbH (“gabocom”) from funds managed by Bregal Unternehmerkapital for approximately $310 million.
Based in Germany, gabocom is a leading provider of highly-engineered, high-quality cable management and protection solutions for the telecommunications industry. With approximately $100 million in revenue, gabocom further builds upon Aptiv’s cable management portfolio.
“gabocom is a strong strategic fit for Aptiv and highly complementary to our HellermannTyton business,” said Kevin Clark, President and CEO of Aptiv. “This transaction broadens our capabilities in the telecommunications market and expands our platform for growth in key industrial markets.”
The transaction is subject to regulatory approval and other customary closing conditions and is expected to close by the end of 2019. Upon completion of the transaction, gabocom will become a part of HellermannTyton, a business unit of Aptiv’s Signal and Power Solutions segment. The transaction is expected to be modestly accretive to EPS in 2020.
NOTE: this is NOT the complete report.