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Announced

Completed

BorgWarner completed the spin-off of PHINIA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Demerger

Spin Off

Private Equity

Public

Completed

Friendly

Single Bidder

Majority

Alternative Fuels

United States

Sustainability

fuel systems

Domestic

Synopsis

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BorgWarner, an American automotive supplier completed the spin-off of PHINIA, a developing fuel system and aftermarket solutions to advance sustainability. A tremendous amount of work has gone into bringing us to where we are today." Frédéric Lissalde, BorgWarner President and Chief Executive Officer.

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