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Delta Electronics, which supplies power and thermal management products, said it has signed a definitive agreement to purchase, through subsidiary Delta International Holding, 100% shareholdings of HY&T Investments and its subsidiaries, including TB&C Group, a supplier of automotive high voltage hybrid components, from Cooperatief H2 Equity Partners Fund IV and Te Bokkel Beheer for EUR142m. TB&C, based in Germany, develops hybrid technology for mechanical components used in automotive, industrial, and medical applications. Its customer base includes automotive companies and tier-1 suppliers.

Vitesco is to sell all shares in Vitesco Technologies Italy Srl to Punch Group (Punch Torino SpA). Belgium-based Punch (it acquired the General Motors Propulsion Engineering Center in Turin in 2020) has a core business providing both engine and transmission solutions in markets worldwide. The deal means Vitesco can concentrate on e-mobility business, while Punch has a broader offering in ICE solutions.

Automotive systems supplier Magna International Inc. has completed its acquisition of the Veoneer Active Safety business from SSW Partners, a New York based investment group. The acquisition broadens Tier-1 supplier Magna’s ADAS portfolio with complementary products, customers, geographies, engineering and software resources.

Bosch is expanding its semiconductor business with silicon carbide (SiC)chips. The technology company plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. SiC chips are a key component for electrified mobility. With a workforce of 250, the company is a foundry for application-specific integrated circuits, or ASICs. Currently, it mainly develops and produces large volumes of chips on 200-millimeter silicon wafers for applications in the mobility, telecommunications, energy, and life sciences industries.