MAHLE Metal Leve S A : sells its thermostat business
August 18, 2023 at 06:03 am EDT
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MAHLE sells its thermostat business
MAHLE intends to sell its thermostat business to the industrial and investment holding company ADMETOS.
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Stuttgart, 18 August 2023
Acquisition of the development and production of thermostats by ADMETOS
MAHLE strategy focuses on electrification and systems for thermal management as well as components for highly efficient, green combustion engines
Automotive supplier MAHLE plans to sell its thermostat business to the industrial and investment holding company ADMETOS. The two sides have signed a contract to this effect at the beginning of August. ADMETOS intends to take over development and production with around 600 employees in six countries.
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. In this context, the Group has decided to sell its thermostats product group, as this will not represent a strategic MAHLE business segment in the future. Thermostats are components that control the cooling water temperature of internal combustion engines.
"With ADMETOS, we have a buyer that will focus its attention and energy on the thermostat business and lead it purposefully outside the MAHLE Group into the future," said Jumana Al-Sibai, member of the Management Board of the MAHLE Group responsible for thermal management. The product group has a broad customer portfolio with long running times for orders placed.
ADMETOS is an owner-managed industrial and investment holding company with experience in the automotive sector. "We plan to expand the thermostat business. We see further potential in industrial applications and growth opportunities through portfolio expansions also outside the mobility sector," said ADMETOS managing directors Kai Dorn and Florian Prettl.
The sale involves the locations Qingdao (China), Berga (Germany), Querétaro (Mexico) and the development area for thermostats in Stuttgart (Germany). In Mühlacker (Germany), Busan (South Korea), Grugliasco (Italy) and Holýsov (Czech Republic), only the production areas for thermostats are affected-but not the other product groups located there.
The sales of thermostats in the spare parts and accessories trade under the MAHLE and Behr brands will continue to be handled by the worldwide MAHLE Aftermarket network.
Pres release[PDF; 230 KB]
Sale of Thermostat Business
ADMETOS is to be the new owner of the thermostat business of MAHLE.
Download [JPG; 650 KB]
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
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MAHLE Metal Leve S.A.
Av. Ernst MAHLE, 2000,
13846-146 Mogi Guaçu - SP, Brasil
MAHLE Metal Leve SA published this content on 18 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2023 10:02:04 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.
MAHLE METAL LEVE S.A. 
