BorgWarner to acquire Eldor Corp.’s Electric Hybrid Systems business

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M&A

The deal is likely to be completed in the third quarter of 2023 and strengthens BorgWarner’s electric-product portfolio

BorgWarner Inc. and Eldor Corp. SpA on June 19 announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an earnout.

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