# 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.

- Type: Acquisition
- Announced: 2022-12-02
- Where: Switzerland
- Value: $37.0M (35.0M CHF)
- Status: completed
- Products: inverters, electric drive solutions, power electronics
- 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)
- [Drivetek AG](https://endata.com/companies/67048.md) (target)

## Sources

- [borgwarner.com](https://www.borgwarner.com/newsroom/press-releases/2022/12/02/borgwarner-acquires-drivetek-ag), 2022-12-02: "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."
- [tech.eu](https://tech.eu/2022/12/07/borgwarner-pulls-in-to-pick-up/), 2022-12-07: "Bringing Drivetek's talented team in house is an investment that grows our power electronics capabilities in auxiliary inverters."

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