Components, to Strengthen its EV Business Portfolio
Delta Strengthens EV Business Portfolio with Acquisition of TB&C, a Leading Provider of Automotive High-voltage Hybrid Components
TAIPEI, June 19, 2023 — Delta Electronics, Inc., a global leader in power and thermal management solutions, is pleased to announce its definitive agreement to acquire TB&C Group, a prominent provider of automotive high-voltage hybrid components. The acquisition will be executed through Delta’s subsidiary, Delta International Holding Limited B.V., and involves the purchase of 100% shareholdings of HY&T Investments Holding B.V. and its subsidiaries. The transaction is valued at approximately 142 million euros (around NT$4,661,860 thousand) and involves esteemed entities Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V.
TB&C, headquartered in Germany, is renowned for its cutting-edge hybrid technologies used in mechanical components for automotive, industrial, and medical applications. Its customer base includes top-tier automotive companies and suppliers. This acquisition will further strengthen Delta’s EV battery management system (BMS) capabilities by integrating TB&C’s advanced technologies with Delta’s Component Business Group’s automotive component product lines. By leveraging the combined R&D and manufacturing resources of both companies, substantial synergies are expected, propelling Delta’s overall expansion in the EV market.
Delta Electronics‘ CEO, Ping Cheng, expressed his optimism about the acquisition, stating, “The rapid growth of the global EV market positions Delta to achieve double-digit growth in our overall business over the next five years. With our successful development of EV powertrain solutions and automotive magnetic components, passive components, and thermal management solutions, the addition of TB&C’s remarkable capabilities and experience in high-voltage hybrid components for EVs perfectly complements Delta’s world-leading power electronics technology. This collaboration expands our EV product portfolio and strengthens our position in the market.”
Robert van der Weck, CEO of TB&C, also expressed his enthusiasm for joining forces with Delta, saying, “E-mobility is a strategic segment for TB&C, driving our sustainable growth. Delta’s Component Business Group’s exceptional electronic components have been widely recognized by global automotive companies in our focus areas. By combining Delta and TB&C’s technologies, we can create synergies and develop innovative, high-value product offerings for our customers. Additionally, Delta’s smart manufacturing capabilities and economic scale will enhance our overall competitiveness.”
Benjamin Lin, President of Delta Electronics India, added, “We are excited to announce the proposed acquisition of TB&C, a renowned provider of automotive high-voltage hybrid mechanical technologies based in Germany. This strategic move aligns with our commitment to enhancing our EV-related business and solidifying our position in the rapidly evolving electric vehicle industry. Leveraging TB&C’s expertise and cutting-edge technologies, we aim to drive innovation and deliver exceptional solutions to our customers. We anticipate this collaboration will positively impact Delta India’s growth and contribute to a greener and more sustainable future.”
Gert Jan van der Hoeven, Managing Partner of H2 Equity Partners, expressed his confidence in the future growth of the company, stating, “We are extremely proud of the transformation accomplished under the management’s leadership, evolving from a roof mechanism producer to a leading Tier 1 E-Mobility connectivity solutions provider. We firmly believe that, in partnership with Delta, the company will be able to further accelerate its growth.”
TB&C boasts excellent R&D and sales teams, as well as manufacturing facilities in its German headquarters, with additional bases in Mexico and Romania. Following the completion of the transaction, TB&C’s executive management team will continue to lead the organization.
Please note that the closing of the transaction