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Delphi Buys Grundig Car InterMedia

11/19/2003 01:01:00 PM Eastern

Nuremburg, Germany - Delphi, maker of OEM and aftermarket car A/V and electronics products, announced it acquired Grundig Car InterMedia Systems GmbH for the equivalent of approximately $67 million.

Grundig Car InterMedia is a wholly owned subsidiary of Grundig AG and is a full line producer of car audio, navigation and mobile video products, mostly for the European market.

Delphi said the acquisition will strengthen its European sales.

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