# FTC clears BorgWarner acquisition of Delphi Technologies

The US Federal Trade Commission (FTC) approved BorgWarner's acquisition of Delphi Technologies on 3 April 2020. The $951 million deal, announced in January 2020, is expected to close in the second half of 2020, with projected synergies of $125 million by 2023.

- Type: Acquisition
- Announced: 2020-04-03
- Where: Auburn Hills, Michigan, United States
- Value: $951.0M
- Status: announced
- Products: automatic transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (acquirer)
- [Delphi Technologies](https://endata.com/companies/6048.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/290598.html), 2020-04-03: "扫除监管障碍！FTC批准博格华纳(BWA.US)收购德尔福(DLPH.US)"
- [powertraininternationalweb.com](https://www.powertraininternationalweb.com/components/borgwarner-and-delphi-the-courage-at-the-times-of-coronavirus/), 2020-04-05: "BorgWarner expects the combined company to realize run-rate cost synergies of approximately $125 million by 2023 driven primarily by SG&A and procurement."
- [brecorder.com](https://www.brecorder.com/news/594936/auto-parts-maker-borgwarner-on-track-to-close-delphi-buyout-this-year), 2020-05-06: "We do believe it's a fair valuation for an asset that does solidify BorgWarner's future leadership positioning as a complete-suite provider of electrified propulsion solutions"
- [autonews.com](https://www.autonews.com/suppliers/borgwarner-delphi-proceed-acquisition-lower-price), 2020-05-07: "BorgWarner Inc. and Delphi Technologies plc resolved a dispute that threatened to end the companies' previously announced merger, shaving about $500 million in value off the price."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.