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Mahle Looks To Buy Delphi's Thermal Business

Germany’s Mahle has put in it’s bid for a takeover of the air conditioning business of U.S. car parts maker Delphi, according to business daily Handelblatt. Mahle was looking into different opportunities in the field of thermal management.

Delphi’s Thermal Systems unit has earnings before interest, taxes, depreciation and amortization of $80 million on sales of $1.5 billion in 2013.