# 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.

- Type: Acquisition
- Announced: 2023-10-02
- Where: Lippstadt, Germany, Germany
- Value: $630.0M (600.0M EUR)
- Status: announced
- Products: human-machine interface, climate control systems, automotive displays
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Mahle](https://endata.com/companies/701.md) (partner)
- [Behr-Hella Thermocontrol](https://endata.com/companies/18993.md) (target)
- [Hella Group](https://endata.com/companies/26970.md) (partner)
- [MAHLE Behr GmbH & Co. KG](https://endata.com/companies/46086.md) (investor)
- [Hella GmbH & Co. KGaA](https://endata.com/companies/60684.md) (investor)
- [AUO Corporation](https://endata.com/companies/68738.md) (acquirer)

## Sources

- [auo.com](https://www.auo.com/ja-JP/News_Archive/detail/News_Archive_Product_20231002), 2023-10-02: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/auo-board-approves-acquisition-of-german-behr-hella-thermocontrol-gmbh-bhtc-to-advance-global-strategic-expansion-into-smart-mobility-ecosystem-301944621.html), 2023-10-02: "AUO will acquire 100% equity interest in the German company Behr-Hella Thermocontrol GmbH at an enterprise value of €600 million."
- [news.europawire.eu](https://news.europawire.eu/mahle-and-hella-sell-behr-hella-thermocontrol-stake-to-auo-corporation-for-e600-million/eu-press-release/2023/10/03/14/41/09/122704/), 2023-10-03: "We are therefore pleased to have found a strategic buyer in AUO who can further develop BHTC's business."
- [vision-mobility.de](https://vision-mobility.de/en/news/mahle-and-hella-sell-thermal-control-division-to-taiwan-283957.html), 2023-10-16: "We are focused on further accelerating our transformation as part of our Mahle 2030+ strategy with a consistent focus on electrification, thermal management, and components for sustainable green internal combustion engines."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.