# BorgWarner subsidiary to acquire AKASOL AG for EUR 120 per share

BorgWarner Inc., through its subsidiary ABBA BidCo AG, made a voluntary public takeover offer for AKASOL AG at EUR 120 per share. AKASOL's management and supervisory board unanimously recommend acceptance.

- Type: Acquisition
- Announced: 2021-04-07
- Where: Darmstadt, Germany
- Status: announced
- Products: battery systems for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (acquirer)
- [AKASOL](https://endata.com/companies/7606.md) (target)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/corporate/akasol-ag-unanimous-recommendation-of-acceptance-of-the-takeover-offer-by-borgwarner-subsidiary-abba-bidco-ag/3814da35-6b11-41b4-b522-eab23d2303d3_en), 2021-04-07: "The Management Board and Supervisory Board of AKASOL AG are in agreement that the merger with BorgWarner is the right step for AKASOL"

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