Global technology company Aptiv agreement to acquire Germany based gabo Systemtechnik GmbH (“gabocom”) for approximately $310 million.
Details are provided below:
- gabocom is a leading provider of highly-engineered cable management solutions for the telecommunications industry
- Aptiv develops safer, greener and more connected solutions enabling the future of mobility.
- “gabocom is a strong strategic fit for Aptiv and highly complementary to our HellermannTyton business,” said Kevin Clark, President and CEO of Aptiv. “This transaction broadens our capabilities in the telecommunications market and expands our platform for growth in key industrial markets.”