Delta To Acquire Tb&C, A Leading Provider Of Automotive High-Voltage Hybrid Components, To Strengthen Its Ev Business Portfolio
Acquiring Company
Delta Air Lines
Acquired Company
TB&C
Atlanta
AustriaManufacturingEnergyFood and BeverageTransportationLeisureRenewable EnergyTravelAir TransportationSolarDescription
Delta Electronics, Inc. (later referred to as "Delta"), a global leading provider of power and thermal management solutions, today announced the signing of a definitive 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 leading 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. 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.
Quick answer
Delta Air Lines is acquiring TB&C, announced June 15, 2023. Delta Air Lines is based in Atlanta, Georgia, United States.
- How much did Delta Air Lines pay for TB&C?
- The deal value was not disclosed.
- What does Delta Air Lines do?
- Delta Air Lines is a major American airline, headquartered in Atlanta, Georgia, that operates over 5,000 flights daily.
- Where are Delta Air Lines and TB&C based?
- Delta Air Lines is based in Atlanta, Georgia, United States. TB&C is based in Austria.
- Who are the decision-makers at Delta Air Lines?
- Fundz holds 1 contact at Delta Air Lines. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired TB&C?
TB&C was acquired by Delta Air Lines, based in Atlanta. The deal was reported on June 15, 2023. Delta Air Lines is a major American airline, headquartered in Atlanta, Georgia, that operates over 5,000 flights daily. Delta Air Lines is publicly traded (DAL) and operates in Manufacturing.
When did Delta Air Lines acquire TB&C?
Delta Air Lines's acquisition of TB&C was reported on June 15, 2023. Delta Electronics, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TB&C do?
TB&C is the company acquired in this transaction. It is privately held, and is based in Austria.
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