A newly formed automotive technology company has been created to provide the growing electric vehicle market with powertrain thermal management systems and solutions to help make the transition away from internal combustion engines.
Called The Thermal Management Solutions Group, it aims to take advantage of the global growth in electrified vehicles with providing crucial new technologies to OEMs, Tier 1s and Tier 2s for hybrid, full battery electric, and fuel-cell vehicles.
Thermal Management Solutions has been formed by Cartesian Capital Group and the former Arlington Industries Thermal Management Solutions’ management team and has successfully executed two merger and acquisition processes in the UK and Germany. The transactions bring together the Thermal Management division of the former Arlington Group with three global thermostat brands: Dauphinoise Thomson, Magal and Wahler.
“The newly formed Thermal Management Solutions Group brings together an unparalleled pool of technical experience and delivers exceptional global market position and depth to provide both existing and new customers and suppliers with numerous advantages in navigating these exciting times in the automotive sector,” said Mark Franckel, CEO of Thermal Management Solutions.
Thermal Management Solutions is headquartered in Reading, UK. The Group employs more than 800 people globally, with manufacturing sites in Brazil, China, France, Germany, UK and the USA, and a projected total revenue of circa £150m annually.