M&A Deal Summary

BorgWarner Acquires Delphi Technologies

On January 28, 2020, BorgWarner acquired automotive company Delphi Technologies for 3.3B USD

Acquisition Highlights
  • This is BorgWarner’s 8th transaction in the Automotive sector.
  • This is BorgWarner’s largest (disclosed) transaction.
  • This is BorgWarner’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2020-01-28
Target Delphi Technologies
Sector Automotive
Buyer(s) BorgWarner
Deal Type Add-on Acquisition
Deal Value 3.3B USD
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Delphi Technologies

London, United Kingdom
website
Delphi Technologies PLC is a developer, designer, and manufacturer of vehicle propulsion systems and advanced aftermarket solutions. Delphi Technologies is based in London, United Kingdom.

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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 9 of 17
Sector (Automotive) 8 of 9
Type (Add-on Acquisition) 8 of 13
Country (United Kingdom) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 BorgWarner Morse TEC

Ithaca, New York, United States

BorgWarner Morse TEC LLC is a manufacturer of automotive parts and accessories. BorgWarner Morse TEC is based in Ithaca, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 AKASOL AG

Darmstadt , Germany

AKASOL AG is a developer and manufacturer of high-energy and high-performance lithium-ion battery systems for use in buses, commercial vehicles, rail vehicles, and industrial vehicles, as well as in ships and boats.

Buy €754M
Mergr

Product

Company

Legal