MAHLE Metal Leve S A : finalizes sale of its OEM thermostat business
May 15, 2024 at 07:42 am
Share
Stuttgart, May 15, 2024
MAHLE finalizes sale of its OEM thermostat business
Sale of the product segment including 600 employees in six countries to ADMETOS as of May 2, 2024
The sales of thermostats in the spare parts and accessories market will continue under the MAHLE and Behr brands
MAHLE has finalized the sale of its OEM thermostat business as of May 2, 2024. The sale transfers the thermostat segment to the industrial and investment holding firm ADMETOS,which will operate the business under the name BTT Solutions. As part of the deal, ADMETOS is taking on around 600 employees in six countries. In the spare parts and accessories market, the sale of thermostats under the MAHLE and Behr brands will continue to be handled by the worldwide MAHLE Aftermarket network.
"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.
Contact persons for MAHLE communications:
Manuela Hoehne
Director Corporate Communications & Marketing
Phone: +49 711 501-12506
E-Mail: Contact by email
Ingo Schnaitmann
Head of Media Relations
Phone: +49 711 501-13185
E-mail: Contact by email
MAHLE Metal Leve SA published this content on
15 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 May 2024 11:39:03 UTC.
Mahle Metal Leve SA is a Brazil-based company primarily engaged in the automotive engine parts manufacture. The Companyâs activities are divided into two business segments: Engine components and Filter. The Engine components division produces parts for internal combustion engines and automotive vehicles, such as rings, sensors, rockers, rods, crank arms, bushes, cylinder sleeves, bearing covers, rocker assemblies, crowns, injectors, synchromesh hubs, universal joints, shafts, gears, guides and valve seats, pistons, water and oil pump impellers, gudgeon pins and pulleys. The Filters division manufactures various types of filters, such as fuel, air, oil, cabin and press, used in vehicles, as well as applied in industry, automobile service stations, passenger and cargo transport, earthworks, fishing terminals and farms. The Company is indirectly controlled by Mahle Industriebeteiligungen GmbH.