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LOYTEC to Join Delta Group for Smarter and Greener Building Automation Together
Taipei, Taiwan, April 29, 2016 – Delta
Electronics, Inc., a global leader in power and thermal management
solutions, and LOYTEC Group today jointly announced that Delta
Electronics’ wholly-owned subsidiary, Delta Electronics International
(Singapore) Pte. Ltd., has acquired shareholdings in Loy Tec
electronics GmbH and Innocontrol electronics GmbH (hereinafter referred
to as LOYTEC) for 72 million Euros (approximately NTD 2.6 billion) on
April 28, 2016. The acquisition transaction will be carried out in two
phases with an 85% shareholdings in both companies acquired first after
signing the contract. Delta expects to acquire the remaining 15%
shareholdings in both companies in the future.
Yancey Hai, Chairman of Delta Electronics, stated that M&A is part of Delta’s growth strategy. Building automation is growing rapidly and has high potential, and it is also synced with Delta’s core competencies and corporate mission for environmental protection. It is expected to play an important role in Delta’s future growth. LOYTEC is dedicated to building automation and offers integration for building management and control systems. Delta looks forward to enhancing its development and global presence in building automation through this transaction.
ta has developed a portfolio of building automation solutions in recent years for HVAC systems, lighting, elevator systems, and energy management systems. Delta’s solutions provide building energy management systems with the capabilities for improving building performance and operational efficiency. LOYTEC currently ranks among the leading European providers of highly innovative building management and control solutions integrating HVAC control, room automation, lighting control, sunblind control and energy monitoring. In the future LOYTEC will act as the competence center for integrated building management and control systems within the Delta Group. LOYTEC has a global market reach, especially in Europe and the Americas. Combined with Delta’s sales offices in Asia, particularly China, synergies are expected to develop from integrating products, technologies and market reach. Delta projects that these synergies will enhance its capabilities in the global building automation marketplace.
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