BorgWarner acquires Rhombus Energy Solutions for $130M

BorgWarner acquired Rhombus Energy Solutions, a provider of charging solutions in the North American market, for approximately $130 million at closing, with up to $55 million in contingent payments over three years.

“BorgWarner announced that the Company has acquired Rhombus Energy Solutions, a provider of charging solutions in the North American market.”borgwarner.com

• 3 sources
• borgwarner.comBORGWARNER ANNOUNCES ELECTRIFICATION PROGRESS AND REPORTS SECOND QUARTER RESULTSAug 3, 2022
• auto.economictimes.indiatimes.comBorgWarner to buy Rhombus in latest EV charging deal, ETAutoAug 4, 2022
• smallcaps.comBorgWarner adds to growing EV portfolio with Rhombus Energy Solutions acquisitionLouis AllenAug 16, 2022

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