At what enterprise value was BEHR-HELLA THERMOCONTROL GMBH (BHTC) acquired in 2022?

During the acquisition of BEHR-HELLA THERMOCONTROL GMBH (BHTC) by AUO CORPORATION in 2022, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BEHR-HELLA THERMOCONTROL GMBH (BHTC) when it was acquired by AUO CORPORATION?

The estimated EV/EBITDA multiple for BEHR-HELLA THERMOCONTROL GMBH (BHTC) is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

What was the revenue of BEHR-HELLA THERMOCONTROL GMBH (BHTC) at the time of the deal?

The revenue of BEHR-HELLA THERMOCONTROL GMBH (BHTC) at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BEHR-HELLA THERMOCONTROL GMBH (BHTC) during the acquisition?

BEHR-HELLA THERMOCONTROL GMBH (BHTC)'s EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BEHR-HELLA THERMOCONTROL GMBH (BHTC) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BEHR-HELLA THERMOCONTROL GMBH (BHTC) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.auo.com/en-global/New_Archive/detail/News_Archive_Product_20240402

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Home Database Industry & ManufacturingBEHR-HELLA THERMOCONTROL GMBH (BHTC)

11/2022

BEHR-HELLA THERMOCONTROL GMBH (BHTC) acquired by AUO CORPORATION

GERMANY Automotive / Auto Parts & Suppliers / Auto Parts & Systems EV 500M - 1.5b EUR

Context

AUO Corporation has finalized the 100% equity acquisition of BHTC. This strategic transaction marks a milestone in AUO's evolution into a Tier 1 automotive supplier, effectively merging its leadership in display technology with BHTC's expertise in climate control and HMI systems. The operation was cleared by all relevant national authorities following a definitive agreement reached in late 2023. The rationale for the acquisition is focused on three strategic pillars: product diversification, customer-centric resilience, and global operation deployment. By integrating BHTC's climate control expertise with AUO's advanced Micro LED and cockpit display solutions, the combined entity aims to offer a holistic "smart cockpit" portfolio to international automakers. This vertical integration allows AUO to bypass traditional supply chain layers and interact directly with global OEMs, gaining early market insights and enhancing its competitive positioning. Furthermore, BHTC's established manufacturing and R&D footprint in Europe and India complements AUO's strong Asian and North American presence, creating a balanced geographical portfolio and a more resilient localized supply chain. This merger is expected to significantly increase AUO's automotive revenue share while accelerating its mission to become a dominant solutions provider in the global smart mobility services market.

BEHR-HELLA THERMOCONTROL GMBH (BHTC), which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

BHTC is a world-class specialist in the design and manufacturing of climate control systems and human-machine interface (HMI) solutions for the automotive sector. The company operates a global business model with a presence in key markets including Germany, the United States, China, India, and Mexico. Its value proposition is built on technical precision and excellence in thermal management and electronic control units, providing critical components that define the interior comfort and functional interaction of modern vehicles. BHTC,s strategy focuses on high-level research and engineering, particularly in the development of intelligent cabin climate systems that integrate seamlessly with advanced cockpit electronics. By maintaining a Tier 1 supplier status to major international OEMs, the company ensures high-quality standards and long-term partnerships with leading global automakers. With a workforce distributed across international R&D and production hubs, BHTC acts as a specialized center of excellence for mechanical and electronic integration in the rapidly evolving smart mobility landscape.

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2021

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BEHR-HELLA THERMOCONTROL GMBH (BHTC) by AUO CORPORATION are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: behr-hella thermocontrol gmbh (bhtc)