M&A Deal Summary

BorgWarner Acquires Enexor BioEnergy

On August 23, 2021, BorgWarner acquired renewable energy company Enexor BioEnergy

Acquisition Highlights
  • This is BorgWarner’s 1st transaction in the Renewable Energy sector.
  • This is BorgWarner’s 4th transaction in the United States.
  • This is BorgWarner’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-08-23
Target Enexor BioEnergy
Sector Renewable Energy
Buyer(s) BorgWarner
Deal Type Add-on Acquisition

Target

Enexor BioEnergy

Franklin, Tennessee, United States
website
Enexor BioEnergy provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic waste and plastic waste problems. Enexor BioEnergy is based in Franklin, Tennessee.

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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 12 of 17
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 11 of 13
State (Tennessee) 1 of 1
Country (United States) 4 of 5
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 CelLink

Gothenburg, Sweden

CelLink is a manfuacturer of large, high-conductance flexible circuits for the automotive and energy storage industries. CelLink is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Solero Technologies

Water Valley, Mississippi, United States

Solero Technologies is a leading global supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules. The business, including its state-of-the-art production facility in Water Valley, Mississippi, along with related sales and engineering operations in Detroit, provides advanced design, prototyping, development, and manufacturing combined with a strong intellectual property portfolio across product categories.

Sell -
Mergr

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