Autoliv Buys Delphi's Asian Assets
Autoliv, which develops and manufactures automotive safety systems, will acquire Delphi's Occupant Protection Systems operations in Korea and China, including intellectual property and physical assets, and will take on 600 employees.
The deal is expected to close by the end of March, and is subject to regulatory approvals and customary closing conditions.
Autoliv expects these operations to generate $250 million in sales...
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