Inc. and Eldor Corporation S.p.A. have announced that they have entered into a
share purchase agreement under which BorgWarner has agreed to acquire the
Electric Hybrid Systems (EHS) business segment of Eldor for Euros 75 million at
closing with a potential additional amount due subject to an earnout.
in Italy, Eldor’s EHS segment includes on-board chargers (OBCs), DC/DC
converters, and integrated high voltage boxes, all of which are expected to
complement BorgWarner’s existing product portfolio. The acquisition is expected
to enhance BorgWarner’s capabilities in engineering compact and efficient 400V
and 800V on-board chargers that are compatible with the variety of regional
grid configurations found globally while also bringing innovative and
cost-effective high-frequency DC/DC converter technology to the portfolio.
expects that Eldor’s EHS business will generate Euros 25 million of revenue for
the full year 2023. Relative to its Charging Forward 2027 targets, BorgWarner
expects that revenues will be approximately Euros 250 million in 2027.
transaction is subject to satisfaction of closing conditions and is expected to
close in the third quarter of 2023.
Specialty chemicals company Lanxess has reached an important step towards more sustainability in its plasticizer portfolio: The Polymer Additives (PLA) business unit now offers a more sustainable solu...
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers, has launched its new premium range of alloy wheels in the Indian aftermarket in collaborat...
Greaves Retail, India's leading fuel-agnostic mobility solutions provider and a unit of Greaves Cotton Limited, has announced the launch of its complete range of e-rickshaw batteries under the brand '...