Delphi has bought HellermannTyton Group, a global manufacturer of cable management solutions for GBP1.07bn (US$1.6bn) on a cash and debt-free basis.

Delphi expects the transaction to be 15 cents accretive to earnings per share starting in 2016, excluding one-time expenses for integration.

"This transaction strengthens Delphi's leadership position in the automotive electrical architecture market, while also providing growth opportunities in HellermannTyton's adjacent industrial end markets," said Delphi president and CEO, Kevin Clark.

"The combined capabilities will allow Delphi to further capitalise on future growth trends while creating significant value for our customers and shareholders."

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