Saying the move "builds upon its strong track record of bolt-on acquisitions", Aptiv, self-described as "mobility's leading software and systems technologies integrator" on its website, has completed the acquisition of Gabo Systemtechnik (Gabocom) from Bregal Unternehmerkapital.
Based in Germany, Gabocom is "a leading provider of highly-engineered, high-quality cable management and protection products for the telecommunications industry", according to its new owner.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Gabocom will operate within HellermannTyton, a business unit of Aptiv's signal and power solutions segment.
Last month, Aptiv announced an agreement to acquire Gabocom from funds managed by Bregal Unternehmerkapital for around US$310m.
With around US$100m in revenue, Gabocom builds on Aptiv's cable management portfolio.
"Gabocom is a strong fit for Aptiv and highly complementary to our HellermannTyton business," said Aptiv president and CEO, Kevin Clark.
"This transaction broadens our capabilities in the telecommunications market and expands our platform for growth in key industrial markets."
The transaction was expected to be "modestly accretive to EPS in 2020".
