Announced
Completed
Financials
Tags
electrified turbomachinery
Majority
Friendly
Private
Completed
Acquisition
Machinery: Specialty
Switzerland
electric drive solutions
power electronics
Cross Border
Single Bidder
Synopsis
BorgWarner, an American automotive supplier headquartered in Auburn Hills, Michigan, completed the acquisition of Drivetek, a provider of engineering and product development services for inverters, electric drive solutions, and power electronics, for CHF35m. "Drivetek is an important partner with BorgWarner on our booked eFan business, with our first customer award being announced in February of this year. Bringing Drivetek's talented team in house is an investment that grows our power electronics capabilities in auxiliary inverters, which we expect to accelerate the growth of our High Voltage eFan business. We welcome the team to BorgWarner," Frédéric Lissalde, BorgWarner President and CEO.
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