The deal will turn Visteon into one of the top three suppliers of automotive "cockpit" electronics with combined annual sales of $3B.
The unit earned FY 2013 revenue of $1.3B and EBITDA of $58M.
Visteon forecasts cost synergies of over $40M by 2017.
The company also says that it plans to sell its Visteon Interiors unit in three separate transactions to different buyers in H1.
Visteon expects the impact of these deals to be neutral. (PR)