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TAIWAN, 20 June 2023: Delta Electronics, a global leader in power and thermal management solutions, has announced that it has signed a definitive agreement to acquire TB&C, a leading provider of automotive high-voltage hybrid components. The acquisition is expected to close in the third quarter of 2023.
TB&C EV business
TB&C is headquartered in Germany and has operations in Mexico and Romania. The company specializes in the development and manufacturing of hybrid components for automotive, industrial, and medical applications. Its products include outsert technology, insert technology, over molding, and multi-component injection molding.
The acquisition of TB&C will strengthen Delta’s EV business portfolio. Delta already has a strong presence in the EV market, providing power electronics, thermal management solutions, and other components. The addition of TB&C’s hybrid components will further expand Delta’s offerings in this area.
Quotes
“The acquisition of TB&C is a major step forward for our EV business,” said Ping Cheng, CEO of Delta Electronics. “TB&C is a leading provider of high-voltage hybrid components, and their technology will complement our existing offerings. This acquisition will help us to meet the growing demand for EV components and to accelerate our growth in this market.”
Robert van der Weck, CEO of TB&C, said, “We are excited to join Delta. Delta is a global leader in power and thermal management solutions, and their strong presence in the EV market will be a great asset to us. We believe that together, we can create a leading provider of EV components.”
Conclusion
Delta’s acquisition of TB&C reinforces its position in the EV market. By integrating TB&C’s high-voltage hybrid components, Delta enhances its EV battery management system capabilities and expands its product portfolio. This strategic partnership brings together the strengths of both companies to drive innovation and offer higher value to customers in the e-mobility sector.
