BorgWarner acquires Drivetek AG for up to CHF 35 million

BorgWarner Inc. has acquired Drivetek AG, a Swiss provider of engineering and product development services for inverters, electric drive solutions, and power electronics. The enterprise value is up to CHF 35 million, with CHF 25 million paid at closing. The acquisition was announced on December 2, 2022.

“Bringing Drivetek's talented team in house is an investment that grows our power electronics capabilities in auxiliary inverters, which we expect to accelerate the growth of our High Voltage eFan business.”borgwarner.com

• 2 sources
• borgwarner.comBorgWarner Acquires Drivetek AGDec 2, 2022
• tech.euBorgWarner pulls over to pick up engineering services and products startup Drivetek - Tech.euCallum CyrusDec 7, 2022

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