May 2, 2016 - Delta Electronics, Inc., a provider of power and thermal management solutions, and LOYTEC jointly announced on April 29, 2016, that Delta Electronics has acquired shareholdings in Loy Tec electronics GmbH and Innocontrol electronics GmbH (hereinafter referred to as LOYTEC) 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.
Delta 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 is a European provider of 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
