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

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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