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Strengthen EV battery layout, Delta Electronics acquires 100% stake in Germany's HY&T and its TB&C Group with 142 million euros

Shulou Source: shulou.com Published: 2023-11-24 17:35:14 10月04日 Update

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com June 18, Delta Electronics announced that it will pass subsidiary Delta International Holding Limited B.V. Buy HY&T Investments Holding B.V. For 142 million euros (CTOnews.com Note: currently about 1.106 billion yuan). The acquisition, which is 100 per cent owned by TB&C and its subsidiary, will strengthen Delta's presence in the battery management system for electric vehicles.

TB&C is a German-based leader in automotive high-voltage hybrid components, with customers ranging from world-renowned car manufacturers and first-tier (Tier 1) suppliers. TB&C also has R & D, business teams and production facilities, as well as production plants in Mexico and Romania.

Delta Electronics distributes the electric car market, announcing the acquisition of all shares in HY&T Investments Holding BV and its subsidiary TB&C Group from Cooperatief H2 Equity Partners Fund IV Holding WA and Te Bokkel Beheer BV.

In order to ensure the independence of TB&C, TB&C will continue to operate after the completion of the transaction, and the original management team will continue to lead the development of the company.

It is said that after this acquisition, combined with the technical strength and product line of Delta electronic components used in electric vehicles, it will be able to strengthen the layout of electric vehicle battery management system, and integrate the R & D and manufacturing resources of both sides in the future. accelerate Delta's overall development in the field of electric vehicles.

Zheng Ping, CEO of Delta Electronics, said that electric vehicles are a major trend in the global industry and one of the momentum of Delta's goal of double-digit growth in the next five years.

Robert van der Weck, CEO of TB&C, said that he hopes to develop higher value-added products for customers through technological complementarity between the two sides, and also hopes to enhance the overall competitive advantage through Delta's automation production capacity and market size.