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Announced

Completed

BorgWarner completed the acquisition of an 89% stake in AKASOL for $914m.

Financials

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Transaction Value£659m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium23%
One Off Charge-

Tags

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Cross Border

battery packs

Auto Parts

Tender Offer

Acquisition

Friendly

Majority

Single Bidder

Germany

Public

Completed

Synopsis

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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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