Add-on Acquisition • Electrical Equipment

BorgWarner Acquires Rhombus Energy Solutions

On August 3, 2022, BorgWarner acquired electrical equipment company Rhombus Energy Solutions for 185M USD

Acquisition Context
  • This is BorgWarner’s 3rd transaction in the Electrical Equipment sector.
  • This is BorgWarner’s 7th largest (disclosed) transaction.
  • This is BorgWarner’s 5th transaction in the United States.
  • This is BorgWarner’s 1st transaction in California.

Explore All 1521 Add-on Acquisition Electrical Equipment Deals - Search the Database Free


M&A Deal Summary

Date August 3, 2022
Target Rhombus Energy Solutions
Sector Electrical Equipment
Buyer(s) BorgWarner
Deal Type Add-on Acquisition
Deal Value 185M USD

Target Company

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.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 14 of 17
Sector: Electrical Equipment 3 of 6
Type: Add-on Acquisition 12 of 13
State: California 1 of 1
Country: United States 5 of 5
Year: 2022 2 of 4
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Santroll - eMotor business

Tianjin, China

Santroll's eMotor business strengthens BorgWarner’s vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market. Santroll's eMotor business is based in Tianjin, China.

Buy -
FOLLOWING 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