Delphi Automotive has agreed to acquire Antaya Technologies, a Rhode Island-based company that makes on-glass connectors, mainly for cars and trucks.
The deal, which both companies expect to close by the end of this year, would broaden Delphi’s portfolio in the rapidly growing auto-related technology. Terms of the acquisition were not disclosed immediately.
Antaya is the largest manufacturer of automotive on-glass connectors in North America, with a growing customer base in China and Europe. Antaya also supplies lead-free connectors, another area of growth, as automakers seek more lead-free content in their vehicles.
“Antaya is an excellent strategic fit with Delphi, as it adds an important new connector technology to our already-strong electrical-connectors business,” said Rodney O’Neal, Delphi CEO. “This transaction is consistent with our strategy to allocate capital to growth opportunities that enhance Delphi’s leadership position in automotive connectors.”
Antaya’s products include power terminals, antenna assemblies, keyless entry and tire-pressure monitoring, and other custom connector assemblies for automotive electronics.