Inc has announced it has completed its acquisition of Delphi Technologies. The
combination of BorgWarner and Delphi Technologies is expected to strengthen
BorgWarner’s electronics and power electronics products, capabilities and
scale, creating a leader in electrified propulsion systems that BorgWarner
believes is well-positioned to take advantage of future propulsion migration.
are pleased to complete our acquisition of Delphi Technologies,” said Frédéric
Lissalde, President and CEO, BorgWarner. “Through this combination, BorgWarner
is even better positioned with a more comprehensive portfolio of
industry-leading propulsion products and systems across combustion, hybrid and
electric vehicles. We expect that the combination will also strengthen our
commercial vehicle and aftermarket businesses. We welcome Delphi Technologies’
colleagues around the world to the BorgWarner team and are excited about the
opportunities we have together to address market trends towards
electrification. I am proud of our global workforce, including our integration
planning teams, for driving the business forward as we managed through the
pandemic and laying a strong foundation for a seamless integration. I have great
confidence that we will realise what we believe are significant benefits of
this combination for our shareholders, customers and suppliers,” he added.
Bringing BorgWarner and Delphi Technologies
together is expected to:
Strengthen BorgWarner’s electronics and power electronics products,
capabilities and scale, creating a leader in electrified propulsion systems
that BorgWarner believes is well-positioned to take advantage of future
propulsion migration. Delphi Technologies brings industry leading power
electronics technology and talent, with an established production, supply and
customer base. The combined company will offer customers a suite of integrated
and standalone offerings of power electronics products (including high voltage
inverters, converters, on-board chargers and battery management systems) and
capabilities (including software, systems integration and thermal management).
Enhance BorgWarner’s combustion, commercial vehicle and aftermarket businesses.
Delphi Technologies’ breadth of combustion propulsion products complements
BorgWarner’s innovative portfolio, which is focused on clean technologies to
increase efficiency and performance of modern combustion vehicles. Adding
Delphi Technologies’ commercial vehicle and aftermarket business results in
more balance across light vehicles, commercial vehicles and the aftermarket.
aftermarket customers will continue to benefit from an extensive portfolio of
BorgWarner and Delphi Technologies OE-quality aftermarket parts, services, diagnostic
tools and test equipment. As a brand of BorgWarner, Delphi Technologies
Aftermarket will maintain its brand identity, and customers across the world
will be able to rely on their trusted contacts for sales and customer service
completion of the transaction follows approval by Delphi Technologies’
shareholders, receipt of required regulatory approvals, the satisfaction of
certain conditions relating to indebtedness of Delphi Technologies, and the
satisfaction or waiver of customary closing conditions. In connection with the
close of this transaction, Delphi Technologies common stock will cease to be
traded on the New York Stock Exchange.
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