Delphi Automotive plc (NYSE: DLPH) has completed its purchase of FCI Group’s motorized vehicles division for $992.6 million.
The motorized vehicles division makes automotive connection systems. FCI Group is headquartered in Gillingham, England.
Delphi, based in Troy, Mich., supplies parts, electronics and technology for automotive and motor vehicle companies, including General Motors Co. (NYSE: GM), which spun it off in 1999.
The company was formed for the purpose of buying the assets and subsidiaries of the former Delphi Corp., which filed Chapter 11 in 2005 and exited in October 2009. It has since become more profitable over the course of three years (see "The Long Road Back").
Delphi filed for an initial public offering in 2011. For more, read "Delphi IPO Plans in Place."