Taiwan-based Delta Electronics announced on June 15 that it will purchase Germany-based TB&C Group, which focuses on automotive high-voltage hybrid components. The deal is expected to complement Delta's power electronics technology as the EV market keeps growing.
According to an announcement from Delta, its subsidiary Delta International Holding will make the transaction to acquire 100% shareholdings of HY&T Investments Holding and its subsidiaries, including TB&C. Delta will close the EUR142 million (US$154.78 million) deal with Cooperatief H2 Equity Partners Fund IV Holding and Te Bokkel Beheer.
Founded in 2004, TB&C develops hybrid technologies for mechanical components applied in automotive, industrial and medical applications. According to the announcement, the company holds core competence such as outsert technology, insert technology, over molding and multi-component injection molding.
TB&C's customers include automotive OEMs and tier-1 suppliers. Besides the headquarters in Germany, the company also operates manufacturing sites in Mexico and Romania.
Delta has grown to be a leading power and thermal management solution provider. CEO Ping Cheng said the expansion of the global EV market is expected to facilitate the company in reaching a two-digit growth target over the next five years.
He also said TB&C's expertise in high-voltage hybrid components for EVs will complement Delta's power electronics technology.
Following the transaction, Delta said it will integrate TB&C's technologies with its automotive component product lines, leveraging the pair's R&D and manufacturing resources to help Delta grow its EV product portfolio.
