.
MergerLinks Header Logo

New Deal


Announced

Completed

BorgWarner completed the acquisition of Drivetek for CHF35m.

Financials

Edit Data
Transaction Value£30m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

electrified turbomachinery

Majority

Friendly

Private

Completed

Acquisition

Machinery: Specialty

Switzerland

electric drive solutions

power electronics

Cross Border

Single Bidder

Synopsis

Edit

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.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US