Delta Electronics, Inc. (referred to as “Delta” hereafter), a renowned global provider of power and thermal management solutions, has recently made an official announcement regarding the signing of a definitive agreement. According to the agreement, Delta, through its subsidiary Delta International Holding Limited B.V., will acquire 100% ownership of HY&T Investments Holding B.V. and its subsidiary companies, including TB&C Group. TB&C Group is a prominent provider of high-voltage hybrid components for the automotive industry. The acquisition will be completed by purchasing the shares from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V., for a total sum of 142 million euros (approximately equivalent to NT$ 4,661,860 thousand).
Based in Germany, TB&C specializes in the development of cutting-edge hybrid technologies for mechanical components used in the automotive, industrial, and medical sectors. It serves a wide range of customers, including renowned automotive companies and tier-1 automotive suppliers. The acquisition is set to bolster Delta’s electric vehicle (EV) battery management system (BMS) capabilities by seamlessly incorporating TB&C’s technologies into Delta’s Component Business Group’s automotive component portfolio. Additionally, this collaboration will yield significant synergies by leveraging the research and development as well as manufacturing resources of both companies, thereby accelerating Delta’s overall expansion in the EV market.
Ping Cheng, CEO of Delta Electronics, said, “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. 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 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.”
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.”
Gert Jan van der Hoeven, Managing Partner of H2 Equity Partners added: “We are very proud of the transformation that has been accomplished under the leadership of management from a roof mechanism producer to a leading Tier 1 E-Mobility connectivity solutions provider. We are convinced that the Company will be able to accelerate growth even further in partnership with Delta”.
With its operational headquarters based in Germany, TB&C possesses outstanding research and development teams, sales teams, and manufacturing facilities. Furthermore, it operates manufacturing bases in Mexico and Romania. TB&C holds a prominent position in the industry as a leader in hybrid components, showcasing expertise in various core areas such as outsert technology, insert technology, over moulding, and multi-component injection moulding. Upon the completion of the transaction, TB&C’s existing executive management team will remain at the helm of the organization, ensuring a seamless continuation of its leadership.