H2 sells stake in TB&C to Delta Electronics
4 July 2023
Delta Electronics, Inc., a global leading provider of power and thermal management solutions, through its subsidiary Delta International Holding Limited B.V., has entered into a share purchase agreement with H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V. regarding the sale and purchase of HY&T Investments Holding B.V. and its subsidiaries. This included the purchase of TB&C Group, a leading provider of automotive high-voltage hybrid components for EUR 142 million.
TB&C, with its operational headquarters in Germany, develops industry-leading hybrid technologies for mechanical components applied in automotive, industrial and medical applications. Its customer base includes world-class automotive companies, as well as tier-1 automotive suppliers. The transaction is expected to enhance Delta's EV battery management system (BMS) capabilities by integrating TB&C's technologies with Delta's Component Business Group's automotive component product lines. It will also generate substantial synergies by leveraging both companies' R&D and manufacturing resources to accelerate Delta's overall EV business expansion.
The closing of the transaction is subject to satisfaction of certain closing conditions including relevant regulatory approval.