ACtion Magazine - April 2015 - (Page 34)

Delphi announces deﬁnitive agree- subject to regulatory approvals. Proceeds Spectronics Corporation promotes four from the transaction will be used to fund Spectronics Corporation has announced the ment to sell thermal business to MAHLE growth initiatives, including acquisitions Delphi Automotive PLC (NYSE: DLPH) announced that it has entered into a deﬁnitive agreement to sell its wholly-owned thermal business to MAHLE GmbH for cash consideration of approximately $727 million, subject to closing adjustments, which represents an implied EV/LTM EBITDA multiple of approximately 9.5x. The transaction is expected to close in the third quarter of 2015, and share repurchases. Delphi and MAHLE also signed a separate letter of intent to sell Delphi's stake in Shanghai Delphi Automotive Air-Conditioning System Co., Ltd. Proceeds from this transaction will be in addition to the $727 million paid for the wholly-owned operations. Reader Reply 34 ACTION * April 2015 promotion of Daniel Cooper to the position of General Manager of Operations. In his new role, Dan will be developing and implementing strategies and goals for the company. Dan started his career at Spectronics ten years ago as a temporary employee in the quality control department, eventually moving on to production coordinator and marketing coordinator positions. In recent years, he helped to grow the industrial and aviation markets as a sales account manager. Dan's involvement in varied aspects of the company makes him a perfect ﬁt for general manager of operations. Spectronics Corporation has also announced the promotion of Michael C. Fleming to the position of director of product management. Mike joined Spectronics 19 years ago as a sales application engineer for the AC&R and pipe freezer divisions, eventually moving on to product manager and national sales manager. He was then given the additional responsibility for also being the national sales manager of the AC&R, automotive, industrial, aviation and the pipe freezer divisions. In his new position, Mike will be in overall charge of product management ─ improving, researching and innovating new products. His work will include bringing all products to the next level, incorporating UV LED technology with more features and beneﬁts. He'll also be responsible for developing new markets for all the Spectroline® and http://www.agscompany.com http://www.agscompany.com http://www.macsw.org/imis15/MACS/Publications/ACtion_Reader_Reply/MACS/Publications/ACTION/ACtion_Reader_Reply.aspx?hkey=ac24bddb-c045-442a-813c-cbf05f88ac4d

Table of Contents for the Digital Edition of ACtion Magazine - April 2015

Changes coming to your bay
Meet me @MACS Make Connections that matter
Outlook
Service Port
Leonard's Law
Virtual View
Last Watch
Letters to the Editor
By the numbers
Industry News
Association News
In Memoriam
New Products

ACtion Magazine - April 2015