# BorgWarner to launch voluntary takeover offer for AKASOL at EUR 120 per share

BorgWarner and AKASOL signed a Business Combination Agreement on 15 February 2021 for a strategic partnership. BorgWarner's subsidiary will launch a voluntary public takeover offer of EUR 120.00 per share, a 23.4% premium, with founders holding 59.4% of shares committed to tender.

- Type: Acquisition
- Announced: 2021-02-15
- Where: Darmstadt, Germany
- Status: announced
- Products: battery systems for commercial 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/ad-hoc/akasol-and-borgwarner-have-signed-a-business-combination-agreement-to-enter-into-a-strategic-partnership-and-borgwarner-will-launch-a-voluntary-public-takeover-offer/f1a10453-9bb4-494d-89fe-cd4e76a0e685_en), 2021-02-15: "Blitz F21-842 AG (in future: ABBA BidCo AG), a subsidiary of BorgWarner Inc., today published the decision to make a voluntary public takeover offer to all shareholders of 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.