MAHLE Finalizes Sale of OEM Thermostat Business to ADMETOS, Ensuring Stable Transition

MAHLE Finalizes Sale of OEM Thermostat Business to ADMETOS, Ensuring Stable Transition

(IN BRIEF) MAHLE has successfully concluded the sale of its OEM thermostat business to ADMETOS, effective May 2, 2024. Under the new ownership, the thermostat segment will operate as BTT Solutions, with ADMETOS assuming control and responsibility for approximately 600 employees across six countries. Meanwhile, MAHLE’s aftermarket network will continue to handle the sale of thermostats under the MAHLE and Behr brands in the spare parts and accessories market. The sale aligns with MAHLE’s strategic shift towards electrification and thermal management systems, reaffirming its commitment to innovation and cost leadership in sustainable mobility solutions. Jumana Al-Sibai, a member of the MAHLE Management Board, expressed gratitude to all employees involved in the thermostat product area for their dedication and contribution to the company’s success.

(PRESS RELEASE) STUTTGART, 15-May-2024 — /EuropaWire/ — 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.

Media Contacts:

Manuela Höhne
Director MAHLE Communications
Phone:+49 711 501-12506

Ingo Schnaitmann
Head of Media Relations
Phone:+49 711 501-13185

SOURCE: MAHLE GmbH

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