ADMETOS completed the acquisition of thermostat business of MAHLE.

ADMETOS, an owner-managed industrial and investment holding company, completed the acquisition of thermostat business of MAHLE, an automotive supplier. Financial terms were not disclosed. “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,” Kai Dorn and Florian Prettl, ADMETOS Managing Directors.