Delta Acquires TB&C, Bolstering Its EV Business With High-Voltage Hybrid Components
Delta Electronics, Inc., a global provider of power and thermal management solutions, has announced its acquisition of HY&T Investments Holding B.V. and its subsidiaries, including TB&C Group, for 142 million euros. TB&C is a leading provider of automotive high-voltage hybrid components, with a strong presence in Germany and a customer base that includes renowned automotive companies and tier-1 suppliers.
The acquisition is expected to bolster Delta's electric vehicle (EV) battery management system (BMS) capabilities by integrating TB&C's hybrid technologies with Delta's automotive component product lines. It will also unlock synergies by combining the R&D and manufacturing resources of both companies to accelerate Delta's expansion in the EV market.
Ping Cheng, CEO of Delta Electronics, expressed optimism about the growth potential of the global EV market and the impact it will have on Delta's business. He highlighted Delta's existing expertise in EV powertrain solutions, magnetic components, passive components, and thermal management solutions. The addition of TB&C's capabilities in high-voltage hybrid components will enable Delta to expand its EV product portfolio and enhance its collaboration with TB&C.
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Robert van der Weck, CEO of TB&C, emphasized the strategic importance of e-mobility and the synergistic partnership with Delta. He acknowledged Delta's outstanding electronics components and believed that the combination of both companies' technologies would lead to innovative and high-value product offerings for their customers. He also recognized Delta's smart manufacturing capabilities and economic scale as drivers of enhanced competitiveness.
Benjamin Lin, President of Delta Electronics India, shared his excitement about the proposed acquisition, stating that it aligns with Delta's commitment to strengthening its EV-related business and establishing a prominent position in the evolving electric vehicle industry. Lin emphasized the goal of leveraging TB&C's expertise and cutting-edge technologies to drive innovation and deliver exceptional solutions for customers in India.
Following the transaction, TB&C's executive management team will continue to lead the organization. TB&C's strong R&D, sales teams, and manufacturing facilities, including bases in Mexico and Romania, further contribute to its industry leadership in hybrid components.
The acquisition of TB&C represents a strategic move for Delta Electronics, enabling the company to expand its EV product portfolio, leverage synergies, and accelerate growth in the global EV market.
