STUTTGART, Germany,
July 1, 2015 /PRNewswire/ -- The
antitrust authorities have given their approval: MAHLE has acquired
the thermal business of U.K. automotive supplier Delphi Automotive
PLC as of July 1, 2015. As a result,
the Stuttgart-based group is
expanding its strategically important Thermal Management business
unit.
Through the now-completed acquisition, MAHLE is increasing its
commitment in a promising sector, since a comprehensive,
energy-efficient thermal management system is as much in demand for
combustion engines as for electric drives or fuel cells.
The product portfolios of both companies are an excellent match
with regard to HVAC modules and engine cooling components. MAHLE
places particular importance on Delphi Thermal's compressor
business, which has thus far been missing from its own range. It
will now be rapidly integrated into the group as a new unit. Air
conditioning, powertrain cooling, and heat exchangers for
stationary applications, however, will become part of the Thermal
Management business unit. The thermal business field was created
following the acquisition of Behr, which was completed in 2013, and
already generated around 40 percent of MAHLE's total sales in
2014.
13 Delphi Thermal production plants in Poland, Slovakia, Hungary, the United
States, Mexico,
Brazil, China, and India, as well as three major research and
development centers in the United
States and Luxembourg have
now been added to the group's approximately 150 production
locations. As a result of the takeover, the roughly 7,500 employees
of Delphi Thermal are expected to bring the total number of MAHLE
employees worldwide to over 75,000 by the end of 2015.
Group sales are rising just as sharply with the acquisition of
Delphi Thermal: MAHLE anticipates total sales of around
EUR 11.5 billion for 2015 provided
that the global economic situation remains stable.
"By successfully concluding this takeover, we significantly
improve our market position and move into positions 1–3 in the
essential product segments of the thermal management business
worldwide," explains Wolf-Henning
Scheider, Chairman of the Management Board and CEO of the
MAHLE Group since July 1, 2015.
"Furthermore, by joining forces, new opportunities are arising for
us. The Delphi Thermal portfolio ideally supplements our product
range and systems competence. This also allows us to further expand
our production footprint in Europe, North
America, South America, and
Asia." Dr. Jorg Stratmann, Head of the Thermal Management
business unit and member of the Management Board of the MAHLE
Group, adds: "Following the intensive preparation of the last
weeks, we will now devote all our energy to the upcoming
integration tasks. And we are looking forward to welcoming the new
employees who will further strengthen our team with their expertise
and experience. As the second largest global thermal supplier, we
will now be able to offer our customers even better solutions."
In a subsequent step, it is intended to acquire the joint
venture Shanghai Delphi Automotive Air-Conditioning System Co. Ltd.
(SDAAC) located in China. The
negotiating partners anticipate this separate transaction to be
concluded in 2016.
About MAHLE
As a leading global development partner
for the automotive and engine industry, MAHLE offers unique systems
competence in the areas of engine systems, filtration,
electrics/mechatronics, and thermal management. In the original
equipment industry, MAHLE provides technologically innovative
solutions for automotive, commercial vehicle, machinery, and other
industrial applications. The Aftermarket business unit also serves
the independent parts market with MAHLE products in OE quality.
MAHLE has a local presence in all major world markets. In 2014,
some 66,000 employees at approximately 150 production locations
generated sales of almost ten billion
euros. At ten major research and development centers in
Germany, Great Britain, the USA, Brazil,
Japan, China, and India, almost 5,000 development engineers and
technicians are working on forward-looking concepts, products, and
systems.
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SOURCE MAHLE