Aptiv to acquire Winchester Interconnect for $650M
Aptiv announced that it has entered into a definitive agreement to acquire Winchester Interconnect from an affiliate of Snow Phipps Group for $650M. Based in the United States, Winchester is a leading provider of custom engineered interconnect solutions for harsh environment applications. With approximately $250M in revenue, Winchester has a strong track record of profitable growth, a testament to the quality of the company's innovative portfolio of branded products. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close by the end of 2018. Upon completion of the transaction, Winchester will operate as an independent business unit within Aptiv's Signal & Power Solutions segment. The transaction is expected to be neutral to EPS in 2019.