BorgWarner to acquire Eldor Corporation's Electric Hybrid Systems business segment

BorgWarner has agreed to acquire Eldor Corporation's Electric Hybrid Systems business segment for €75 million at closing, with potential additional earnout. The acquisition includes on-board chargers, DC/DC converters, and integrated high voltage boxes, and is expected to close in Q3 2023.

“BorgWarner Inc. and Eldor Corporation S.p.A. today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an”borgwarner.com

• 3 sources
• borgwarner.comBorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business SegmentJun 19, 2023
• autotechinsight.spglobal.comBorgWarner to acquire Eldor Corp.’s Electric Hybrid Systems business - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJun 20, 2023
• evconnectmag.inBorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment – EV Connect E MagazineJul 21, 2023

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