British Cable Firm Snapped Up In Drive For Intelligent Cars

US car part maker Delphi Automotive pays 1.1bn for HellermannTyton a British manufacturer of cable equipment as it seeks to capitalise on growing trend for vehicles that connect to the web. Delphi Automotive 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. Kevin Clark, Delphi’s chief executive, said: “With consumers now demanding more connectivity in their vehicles, electrical architecture is the enabler to that added vehicle content. By leveraging the combined capabilities of both companies, we will be able to capitalise on additional growth opportunities and create significant value for our customers and shareholders.”