AUO to acquire BHTC for €600 million to expand into smart mobility

AUO Corporation has entered into a definitive agreement to acquire 100% equity interest in Behr-Hella Thermocontrol GmbH (BHTC) at an enterprise value of €600 million. BHTC specializes in human-machine interface and climate control solutions for vehicles.

“AUO Corporation announced today that it has entered into a definitive agreement under which AUO will acquire 100% equity interest in the German company Behr-Hella Thermocontrol GmbH at an enterprise value of €600 million.”auo.com

• 4 sources
• auo.comAUO Board Approves Acquisition of German Behr-Hella Thermocontrol GmbH (“BHTC”) to Advance Global Strategic Expansion into Smart Mobility Ecosystem - AUOOct 2, 2023
• prnewswire.comAUO Board Approves Acquisition of German Behr-Hella Thermocontrol GmbH ("BHTC") to Advance Global Strategic Expansion into Smart Mobility EcosystemAUO CorporationOct 2, 2023
• news.europawire.euMAHLE and HELLA Sell Behr-Hella Thermocontrol Stake to AUO Corporation for €600 Million | EuropaWireEuropaWire PR EditorOct 3, 2023
• vision-mobility.deMahle and Hella sell thermal control division to Taiwan - Company, business and industry news (other),Suppliers | Elektroauto-News | VISION mobility - Electromobility, connectivity, infrastructure, mobility transitionThomas KanzlerOct 16, 2023

Summarized from public sources; check the original articles before acting on it.