International. The sale transfers the thermostat segment to the industrial and investment holding company Admetos, which will operate the business under the name BTT Solutions.
This product segment sales include 600 employees in six countries and the sale of the thermostats in the aftermarket will continue under the Mahle and Behr brands.
The sale was completed on May 2, 2024. As part of the agreement, Admetos will hire around 600 employees in six countries. In the aftermarket, the sale of thermostats of the Mahle and Behr brands will continue to be handled by the global Mahle Aftermarket network.
"In Admetos we have found an owner who offers both the company and its employees a stable and promising outlook. I would like to thank all the employees in the thermostat product area," said Jumana Al-Sibai, Member of Mahle's Board of Directors 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 focuses on electrification and thermal management systems, as well as components for eco-friendly and efficient combustion engines.
