Delta Electronics to acquire HY&T Investments from H2 Equity Partners and Te Bokkel Beheer for €142m.

Delta Electronics, a provider of power and thermal management solutions, agreed to acquire HY&T Investments, a holding company of automotive high-voltage hybrid components businesses, from H2 Equity Partners, an investment firm, and Te Bokkel Beheer, a financial holding company, for €142m. "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," Ping Cheng, Delta Electronics CEO.