“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.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.