The German Tier-1 major will continue to retail thermostats in spares and accessories under the Mahle and Behr brands and handle them through the global Mahle aftermarket network.
15 May 2024 | 3321 Views | By Autocar Pro News Desk
German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.
The sale of Mahle’s thermostat segment to Admetos will see the latter operate ...
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German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.
The sale of Mahle’s thermostat segment to Admetos will see the latter operate the business under the name – BTT Solutions – while Mahle will continue to retail thermostats in spare parts and accessories market under its Mahle and Behr brands, and handle them through the Mahle aftermarket network. As part of the deal, however, Admetos will accommodate 600 Mahle employees in six countries.
“In Admetos, we have found an owner that offers both the company and its employees a stable, promising outlook. I would like to thank all employees in the thermostat product area,” said Jumana Al-Sibai, member of the Mahle Management Board and responsible for the thermal management business unit.
“Mahle announced the sale of the thermostat product range to Admetos in August 2023. With its new strategy, Mahle is focusing on electrification and systems for thermal management, as well as cost leadership in components for highly efficient, green combustion engines. To this end, the thermostats product group does not represent a strategic Mahle OEM business segment,” he added.