Announced

Completed

BorgWarner completed the acquisition of Drivetek for CHF35m.

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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