# AUO completes acquisition of BHTC for €600 million

AUO Corporation has completed its acquisition of German company Behr-Hella Thermocontrol GmbH (BHTC) for an enterprise value of €600 million, gaining 100% equity. The deal strengthens AUO's position in smart mobility services as a Tier 1 automotive supplier.

- Type: Acquisition
- Announced: 2024-04-02
- Where: Germany
- Value: $648.0M (600.0M EUR)
- Status: completed
- Products: automotive human-machine interfaces, climate control systems, display HMI solutions, Micro LED technology
- 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)
- [AUO Corporation](https://endata.com/companies/68738.md) (acquirer)
- [FORVIA HELLA](https://endata.com/companies/76596.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/auo-announces-completion-of-bhtc-acquisition-strengthening-its-supplier-leadership-in-smart-mobility-services-302105745.html), 2024-04-02: "The integration of the two companies solidifies AUO's expansion into the smart mobility ecosystem, optimizes resource allocation of both entities, and achieves definitive synergistic effects."
- [marklines.com](https://www.marklines.com/en/news/305814), 2024-04-03: "MAHLE and FORVIA HELLA complete sale of 50:50 joint venture BHTC to AUO Corporation"

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