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New Deal


Announced

BorgWarner to invest $500m in Wolfspeed.

Financials

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Transaction Value£422m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Domestic

Friendly

Minority

Acquisition

Electronic Components and Equipment

United States

lighting products

electronic components

manufacturing

Public

Synopsis

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BorgWarner, a provider of innovative and sustainable mobility solutions for the vehicle market, agreed to invest $500m in Wolfspeed, a Silicon Carbide technology company. "Silicon carbide-based power electronics play an increasingly important role for our customers as our electric vehicle business continues to accelerate," Frédéric Lissalde, BorgWarner President and CEO.

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