US car part maker Delphi Automotive pays £1.1bn for HellermannTyton as it seeks to capitalise on growing trend for vehicles that connect to the web

A US-listed car parts maker is paying £1.1bn to buy HellermannTyton, a British manufacturer of cable equipment, as it seeks to capitalise on the growing trend in intelligent vehicles.

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.

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Source: The Guardian Circular Economy RSS