MAHLE acquires thermal management division of U.S. automotive supplier Delphi
MAHLE has signed a definitive agreement to acquire the wholly-owned thermal business of U.S. automotive supplier Delphi Automotive PLC (NYSE: DLPH). In 2014, the division and its approximately 7,600 employees achieved annual sales of around USD 1.2 billion (roughly EUR 1.0 billion). After approval by the relevant antitrust authorities, a closing of the deal is anticipated for the fall of 2015. Further, it is intended to acquire the joint venture of Delphi Thermal in China.