At the end of October 2012, Delphi acquired the Automotive Products Division (MVL) under the FCI Group for nearly US$1 billion. This is one of Delphi's biggest acquisitions in recent years.
The automotive connector is an indispensable device for connecting automotive electronic components. It can be said to be the "joint" that connects the "nerve system" of automotive electronics. According to Delphi's connector system and Yang Xiaoming, general manager of the Central Electric Products Business Unit in the Asia-Pacific region, in the current wave of automotive electronics, automotive connectors are one of the fastest growing market segments in automotive parts , and that's what Delphi denounced. The main reason for the huge acquisition of MVL.
According to statistics from Bishop & Associates, a foreign research company, the global automotive connector market currently has sales of approximately US$12 billion, and the average compound annual growth rate for the next five years is 7%. According to Yang Xiaoming, the acquisition of MVL will enable Delphi to become the second largest supplier of automotive connectors in the world, with global sales reaching US$2.4 billion, which will further challenge Tyco Electronics’ leading position in the industry.
In the context of the slow growth of the European and American auto markets, for Delphi, the biggest significance of the acquisition of MVL is actually to accelerate the layout in the Asian market. "Before the acquisition, MVL's presence in Asia was strong in South Korea, and there was also a factory in Nantong (China). The integration of MVL is very conducive to the deployment and development of Delphi in Asia."
According to Yang Xiaoming, the acquisition of MVL will bring new customers in Asia, such as Nissan and Hyundai, to the Delphi Connector Division, which will greatly increase its competitiveness in the Asian market.
However, Delphi is undoubtedly the most optimistic about China's market in Asia. "China's automotive connector sales currently reach 8 billion yuan, and the compound annual growth rate for the next five years is about 10%, which is higher than the average growth rate of the entire vehicle market." Based on this calculation, the Chinese automotive connector market accounts for about one-eighth of the global market, and the strategic significance of Delphi is self-evident.
After the acquisition of MVL, the Delphi Connector System will continue to place its Asia Pacific headquarters in Anting International Motor City in Shanghai. The Delphi Connector System Shanghai plant in Shanghai Anting is the world's largest manufacturing base for Delphi connector systems. The connector mold center at the plant has become the world's largest mold development and manufacturing base for Delphi connector systems. Nearly 75% of its developed mold products are exported to North America, Europe, etc., and the business is expanded to Mexico. And other places.
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