Delta Electronics to acquire TB&C to strengthen its EV business portfolio
Delta Electronics, Inc. has recently announced the signing of a definitive agreement to purchase the shareholdings of HY&T Investments Holding B.V. and its subsidiaries including TB&C Group, a leading provider of automotive high-voltage hybrid components for €142 million.
TB&C, with its operational headquarters in Germany, develops industry-leading hybrid technologies for mechanical components applied in automotive, industrial, and medical applications. Its customer base includes world-class automotive companies, as well as tier-1 automotive suppliers.
Delta claims that the acquisition will strengthen its EV battery management system (BMS) capabilities by integrating TB&C's technologies with Delta's Component Business Group's automotive component product lines. The R&D and manufacturing resources of the both the companies will be cured together to accelerate Delta's overall EV business expansion, the company adds.
Ping Cheng, CEO of Delta Electronics, commented on the development, "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, 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."
"The accelerated growth of the global EV market is expected to help Delta's overall business achieve its two-digit growth target over the next five years. Delta has successfully developed EV powertrain solutions for global major automotive companies, as well as automotive magnetic components, passive components and thermal management solutions", he noted.
Speaking on the acquisition, Robert van der Weck, CEO of 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 recognized 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", he added.
TB&C has robust R&D and manufacturing facilities in Germany, Mexico and Romania. The company is said to be an industry leader in hybrid components with core competence including outsert technology, insert technology, over molding, and multi-component injection molding for automotive applications.