Delta, the global leader in power management and cooling solutions, announced on the 15th that it will pass its subsidiary Delta International Holding Limited B.V. For 142 million euros to Cooperatief H2 Equity Partners Fund IV Holding W.A. And Te Bokkel Beheer B.V. acquisition of HY&T Investments Holding B.V. And its subsidiary TB&C Group 100% equity. Headquartered in Germany, TB&C is a leader in automotive high-pressure hybrid components with industry-leading design and manufacturing capabilities in hybrid mechanism components for automotive, medical and industrial applications, and customers include world-renowned automakers and Tier 1 suppliers. After the acquisition, combined with Delta’s component business group’s technical strength and product line of electronic components for electric vehicles, it will strengthen the layout of Battery Management System (BMS) for electric vehicles, and integrate the R&D and manufacturing resources of both sides in the future, accelerating Delta’s overall development in the field of electric vehicles.
Zheng Ping, CEO of Delta, said that electric vehicles are a major trend in the global industry and one of the driving forces for Delta’s double-digit growth target in the next five years. Delta has successfully developed electric vehicle power and electrical control solutions for major automakers around the world, as well as providing products such as fans, automotive magnetic components and passive components. TB&C’s outstanding capabilities and rich experience in high-voltage hybrid components for electric vehicles complement Delta’s long-term accumulation of power electronics core technology, and we believe that TB&C’s joining will help Delta further integrate related automotive components, expand the EV product portfolio, and make the overall layout more comprehensive.
Robert van der Weck, CEO of TB&C, said that electric vehicles are the strategic direction of TB&C’s future development, and the products of Delta Components Group have been favored by many automakers in TB&C’s key development areas. We are proud to join Delta and look forward to developing higher value-added products for our customers through the complementary technology of both sides, but also look forward to leveraging Delta’s automated production capabilities and market scale to enhance the overall competitive advantage.”
Gert Jan van der Hoeven, managing partner of H2 Equity Partners, said: “In the past, under the leadership of the management team, we have successfully transformed TB&C from a manufacturer of precision mechanism components for automotive sunroofs, After the transformation, it became a leading Tier 1 supplier of high-voltage connectivity technology solutions for electric vehicles. We are confident that TB&C will grow further in the future through close integration with Delta.
TB&C Operations is headquartered in Germany, with R&D, business teams and production facilities, as well as production outlets in Mexico and Romania. Tb&c is a leading manufacturer of hybrid component technology. Its core technical capabilities include insert molding, injection molding, coated injection molding, multi-component injection molding and other fields, providing high quality customized products for automotive customers and Tier 1 suppliers.
Upon completion of the transaction, TB&C will continue to operate and the original management team will continue to lead the company.