Leading provider of power and thermal management solutions, Delta Electronics, today announced the signing of a definitive agreement to purchase (through its subsidiary Delta International Holding) 100% shareholdings of HY&T Investments Holding and its subsidiaries, including TB&C Group from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer for € 142 million.
The TB&C Group is a leading provider of automotive high-voltage hybrid components and develops hybrid technologies for mechanical components applied in automotive, industrial, and medical applications. Its customer base includes world-class automotive companies and Tier-1 automotive suppliers. The transaction will enhance Delta’s EV battery management system (BMS) capabilities by integrating TB&C’s technologies with Delta’s Component Business Group’s automotive component product lines. It will also generate substantial synergies by leveraging both companies’ R&D and manufacturing resources to accelerate Delta’s overall EV business expansion.
Ping Cheng, CEO, Delta Electronics, said, 'TB&C has remarkable capabilities and rich experience in the high-voltage hybrid components for EVs, which complement Delta's world-leading power electronics technology. With the addition of TB&C, Delta will be able to expand its EV product portfolio, while the collaboration between both companies will make our EV business scope even more comprehensive.“
Robert van der Weck, CEO, TB&C, said, “E-mobility is also the key strategic segment of our hybrid components and drives our sustainable growth going forward. In our focus areas in e-mobility, Delta’s Component Business Group’s outstanding electronics components have been widely recognised by global automotive companies. We are happy to join Delta and believe the complementarity between Delta and TB&C in technologies will create synergies in developing innovative product offerings with higher added-value for our customers. Moreover, Delta’s capabilities in smart manufacturing and its economic scale will definitively enhance our overall competitiveness.”
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