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.
