M&A Deal Summary

BorgWarner Acquires Drivetek

On December 2, 2022, BorgWarner acquired electrical equipment company Drivetek

Acquisition Highlights
  • This is BorgWarner’s 5th transaction in the Electrical Equipment sector.
  • This is BorgWarner’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2022-12-02
Target Drivetek
Sector Electrical Equipment
Buyer(s) BorgWarner
Deal Type Add-on Acquisition

Target

Drivetek

Brügg, Switzerland
website
Drivetek offers engineering and product development services for inverters, electric drive solutions, and power electronics as well as a line of products that include specialized inverters for high-speed electrified turbomachinery. Drivetek is based in Brügg, Switzerland.

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Buyer(S) 1

Buyer

BorgWarner

Auburn Hills, Michigan, United States

website

Category Company
Founded 1987
Sector Automotive
Employees52,700
Revenue 15.8B USD (2022)
DESCRIPTION
BorgWarner's corporate headquarters in Auburn Hills, Michigan.
BorgWarner's corporate headquarters in Auburn Hills, Michigan.

BorgWarner is a global supplier of highly engineered automotive systems and components primarily for powertrain applications. The Company's products help improve vehicle performance, fuel efficiency, stability and air quality. These products are manufactured and sold worldwide, primarily to original equipment manufacturers of light vehicles, vans and light trucks. The Company's products are also sold to other OEMs of commercial vehicles and off-highway vehicles. BorgWarner also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an original equipment supplier to every major automotive OEM in the world. BorgWarner was founded in 1987 and is based in Auburn Hills, Michigan.

DEAL STATS #
Overall 16 of 17
Sector (Electrical Equipment) 5 of 6
Type (Add-on Acquisition) 13 of 13
Country (Switzerland) 1 of 1
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 SSE - Electric Vehicle Solution Smart Grid and Smart Energy Businesses

Xiangyang, China

SSE's Electric Vehicle Solution, Smart Grid and Smart Energy Businesses supplies patented electric vehicle charging solutions to customers in China and more than 70 other countries. SSE has delivered over 50,000 charging points and has led the engineering, procurement, and construction (EPC) of more than 250 charging station sites.

Buy CN¥410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-19 Eldor - Electric Hybrid Systems

Orsenigo, 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.

Buy €75M
Mergr

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