# 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.

- Type: Acquisition
- Announced: 2023-06-19
- Where: Italy
- Value: $82.0M (75.0M EUR)
- Status: announced
- Products: on-board chargers, DC/DC converters, integrated high voltage boxes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (acquirer)
- [ELDOR Corporation](https://endata.com/companies/26580.md) (target)

## Sources

- [borgwarner.com](https://www.borgwarner.com/newsroom/press-releases/2023/06/19/borgwarner-to-acquire-eldor-corporation-s-electric-hybrid-systems-business-segment), 2023-06-19: "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"
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5271157/borgwarner-to-acquire-eldor-corps-electric-hybrid-systems-business), 2023-06-20: "The deal is likely to be completed in the third quarter of 2023 and strengthens BorgWarner’s electric-product portfolio"
- [evconnectmag.in](https://evconnectmag.in/index.php/2023/07/21/borgwarner-to-acquire-eldor-corporations-electric-hybrid-systems-business-segment/), 2023-07-21: "Eldor's technologies are a great complement to BorgWarner's ePropulsion portfolio, particularly as it relates to expanding in high-voltage power electronics beyond the inverter."

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