MAHLE sells Thermostat business to ADMETOS
ADMETOS, plans to take over the development and production and approximately 600 individuals across six nations.
Stuttgart- MAHLE GmbH., an German auto component supplier will be selling its thermostat division to the industrial and investment holding company ADMETOS. A contract to this effect was signed by the two parties at the beginning of August. ADMETOS, plans to take over the development and production and approximately 600 individuals across six nations.
With its new approach, MAHLE is emphasizing electrification, thermal management systems, and cost leadership in parts for extremely efficient, environmentally friendly combustion engines. Due to the fact that the thermostats product group will no longer be a crucial MAHLE business sector in the future, the Group has made the decision to sell it. Thermostats are the components that control the temperature of the cooling water in internal combustion engines.
Jumana Al-Sibai, member of the Management Board of the MAHLE Group responsible for thermal management said, “With ADMETOS, we have a buyer that will focus its attention and energy on the thermostat business and lead it purposefully outside the MAHLE Group into the future.”
ADMETOS managing directors Kai Dorn and Florian Prettl said “We plan to expand the thermostat business. We see further potential in industrial applications and growth opportunities through portfolio expansions also outside the mobility sector,” said.
The deal includes the facilities in the cities of Qingdao in China, Berga in Germany, Querétaro in Mexico, and the thermostat development center in Stuttgart in Germany. Only the production facilities for thermostats are impacted in Mühlacker (Germany), Busan (South Korea), Grugliasco (Italy), and Holsov (Czech Republic), not the other product groups located there.
The global MAHLE Aftermarket network will continue to handle the sales of thermostats in the spare parts and accessories trade under the MAHLE and Behr brands.
