Delphi Automotive has entered into an agreement to acquire Unwired Technology, a supplier of media connectivity modules, from American Capital. American Capital first invested in Unwired Technology in May 2005. The transaction is expected to close in the fourth quarter of 2014.
Unwired Technology is a designer and supplier of high-speed USB connectivity modules and wireless headphone systems for the global automotive industry. The company’s products provide power and data connectivity for portable media and smartphone devices that interface with automotive entertainment systems. Unwired Technology was founded in 1997 and is headquartered in Auburn Hills, MI with other offices in Woodbury, NY and Hong Kong (www.unwiredtechnology.com).
As consumer electronics become more advanced, automakers are integrating increasingly complex modules and hubs. Unwired’s connectivity products provide two-way data connections between smartphones and tablets and in-car infotainment systems, allowing consumers to safely access content in the vehicle. These media connectivity modules can handle multiple devices, provide high-speed charging capabilities and enable seamless access to content through emerging infotainment software solutions.
“Media connectivity is a high-growth segment as auto manufacturers respond quickly to consumers’ increasing desire to integrate their smartphones and tablets in their vehicles,” said Rodney O’Neal, Delphi chief executive officer and president. “Unwired’s products strengthen our overall electrical architecture and electrical connector offerings, which is supporting increased electronics content per vehicle.”
Delphi Automotive (NYSE: DLPH) is a global supplier of technologies for the automotive and commercial vehicle markets. Headquartered in Gillingham, England, Delphi operates major technical centers, manufacturing sites and customer support services in 32 countries, with regional headquarters in Bascharage, Luxembourg; Sao Paulo, Brazil; Shanghai, China; and Troy, MI (www.delphi.com).
American Capital is a publicly traded (NASDAQ: ACAS) private equity firm and asset manager that originates, underwrites and manages investments of $10 million to $750 million in lower and middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. From its eight offices in the US and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. The firm is headquartered in Bethesda (www.AmericanCapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 9-30-14