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Delta Electronics to acquire Germany’s TB&C Group for 142 million euros.

October 19, 2023

• Delta Electronics is set to acquire Germany’s TB&C Group, a leading provider of automotive high-voltage hybrid components, for 142 million euros.

The company plans to combine TB&C’s core competency in outset/insert technology and overmolding expertise to produce technically advanced HV hybrid components with Delta’s existing component product lines.

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. 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.”

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. 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.”

Gert Jan van der Hoeven, Managing Partner of H2 Equity Partners said: “We are very proud of the transformation that has been accomplished under the leadership of management from a roof mechanism producer to a leading Tier 1 E-Mobility connectivity solutions provider. We are convinced that the Company will be able to accelerate growth even further in partnership with Delta”.