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
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

Category Company
Founded 1987
Sector Automotive
Employees38,300
Revenue 14.1B USD (2024)
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. BorgWarner was founded in 1987 and is based in Auburn Hills, Michigan.


DEAL STATS #
Overall 12 of 17
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 13
State: Tennessee M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2021 M&A 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 global supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules. Solero Technologies was founded in 1972 and is based in Water Valley, Mississippi.

Sell -