Announced
Completed
Financials
Tags
Cross Border
battery packs
Auto Parts
Tender Offer
Acquisition
Friendly
Majority
Single Bidder
Germany
Public
Completed
Synopsis
BorgWarner, a US automotive supplier, completed the acquisition of an 89% stake in AKASOL, a battery systems manufacturer, for $914m. "Our companies share a commitment to delivering innovative, environmentally friendly solutions to our global customers, and together, we'll be even better positioned to do just that," Frédéric Lissalde, BorgWarner President and CEO.
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