Delta to Acquire TB&C, a Leading Provider of Automotive High-voltage Hybrid Components, to Strengthen its EV Business Portfolio

Taipei, Taiwan- Delta Electronics Inc., a provider of power and thermal management solutions, today announced the signing of an agreement to purchase, through its subsidiary Delta International Holding Limited B.V., 100% shareholdings of HY&T Investments Holding B.V. and its subsidiaries, including TB&C Group, a provider of automotive high-voltage hybrid components, from Cooperatief H2 Equity Partners Fund IV Holding W.A. and Te Bokkel Beheer B.V. for 142 million euros (approx. NT$ 4,661,860 thousand). TB&C, with its operational headquarters in Germany, develops industry-leading hybrid technologies for mechanical components applied in automotive, industrial, and medical applications. 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.

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."

TB&C has excellent R&D and sales teams as well as manufacturing facilities in its operational headquarters in Germany. In addition, it has manufacturing bases in Mexico and Romania. Following the closing of the transaction, TB&C's  executive management team will continue to lead the organization.

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