M&A Deal Summary |
|
|---|---|
| Date | 2022-09-20 |
| Target | SSE - Electric Vehicle Solution Smart Grid and Smart Energy Businesses |
| Sector | Electrical Equipment |
| Buyer(s) | BorgWarner |
| Sellers(s) | Hubei Surpass Sun Electric |
| Deal Type | Divestiture |
| Deal Value | 410M CNY |
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| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Automotive |
| Employees | 52,700 |
| Revenue | 15.8B USD (2022) |
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 | 15 of 17 |
| Sector (Electrical Equipment) | 4 of 6 |
| Type (Divestiture) | 3 of 4 |
| Country (China) | 2 of 2 |
| Year (2022) | 3 of 4 |
| Size (of disclosed) | 8 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-03 |
Rhombus Energy Solutions
San Diego, California, United States Rhombus Energy Solutions is a manufacturer of high-efficiency power conversion and energy management systems for energy storage, alternative energy, vehicle charging, micro-grid, and test equipment applications. Rhombus Energy Solutions was formed in 2012 and is based in San Diego, California. |
Buy | $185M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-02 |
Drivetek
Brügg, Switzerland 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. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Electrical Equipment |
Hubei Surpass Sun Electric develops an ecological synergy system of multi-energy complementary system, smart power system and energy internet. The company core businesses are: EV charging and power system, power quality optimization, energy storage and hybrid system solution. Hubei Surpass Sun Electric was founded in 1997 and is based in Hubei, China.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (China) | 1 of 1 |
| Year (2022) | 1 of 1 |
