Cosworth and UK-based Delta have agreed for Cosworth to fully acquire the Silverstone-based developer of battery and vehicle dynamics control systems.
Cosworth’s focus on delivering propulsion, electronics and software solutions for the automotive, aerospace and marine sectors will be bolstered by the acquisition of Delta, whose specialities in the development of battery systems, in particular, align with Cosworth’s roadmap for hybridisation and electrification.
Acquiring Delta, with support from Cosworth’s long-term partner, HSBC UK, will enable the business to meet the evolving needs of its customers as they transition to hybrid, EV and fuel cell configurations.
Delta also possesses a body of patented products and intellectual property, which will help Cosworth to meet the changing needs of its target markets and industries.
Founded in 2005, Delta’s services range from single component design and development, through to complete concept and finished product programmes.
Cosworth has been working with Delta most recently on development of a new hybrid solution for the British Touring Car Championship, due to debut in 2022.
“We are excited to welcome Delta to the Cosworth Group of companies as we prepare to benefit from our numerous synergies,” said Cosworth CEO, Hal Reisiger.
For his part, Delta MD, Simon Dowson, added: “Nick and I wanted to find a company, [which] could help take the business to the next level.
“During this process we had already started working with Cosworth and found the culture, mindset and complementary skillset a perfect match. The Cosworth brand is synonymous with high quality performance products and I am really excited to be part of the group and to continue the growth of Delta.”