Autoliv Inc. (ALV) said it agreed to acquire substantially all of Delphi's Occupant Protection Systems operations in Korea and China. The transaction is expected to close by March 31, 2010.
The company noted that the operations are expected to generate about US$250 million of annualized sales in 2010.
The transaction includes intellectual property, physical assets and a highly skilled workforce of approximately 600 associates in Korea and China.
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