Delta Electronics signs definitive agreement to purchase TB&C for Euro 142 million

Delta Electronics, a power and thermal management solutions provider, has signed a definitive agreement to purchase TB&C for Euro 142 million from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V.

TB&C is a German hybrid technologies provider for mechanical components applied in automotive, industrial, and medical applications.

The transaction is expected to 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’ research and development and manufacturing resources to accelerate Delta’s overall EV business expansion.

Ping Cheng, CEO of Delta Electronics said that 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. “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,” Cheng added.

Robert van der Weck, CEO, TB&C said that e-mobility was a key strategic segment of their hybrid components, and Delta’s capabilities in smart manufacturing and its economic scale would enhance their overall competitiveness.

Benjamin Lin, President, Delta Electronics India said, “With this acquisition, we aim to leverage TB&C’s expertise and cutting-edge technologies to drive innovation and deliver exceptional solutions for our customers.”