# BorgWarner completes acquisition of Eldor Corporation's Electric Hybrid Systems business

BorgWarner has completed the acquisition of Eldor Corporation's Electric Hybrid Systems business segment for €75 million at closing, with potential additional earnout. The deal enhances BorgWarner's ePropulsion portfolio.

- Type: Acquisition
- Announced: 2023-12-04
- Where: China
- Value: $81.0M (75.0M EUR)
- Status: completed
- 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)
- [BorgWarner](https://endata.com/companies/751.md) (acquirer)
- [ELDOR Corporation](https://endata.com/companies/26580.md) (target)
- [Shaanxi Fast Auto Drive Group](https://endata.com/companies/52112.md) (partner)

## Sources

- [powertraininternationalweb.com](https://www.powertraininternationalweb.com/components/borgwarner-completes-acquisition-of-eldor-corporations-electric-hybrid-systems-business-segment/), 2023-12-05: "We are pleased to complete the acquisition and welcome Eldor's talented employees to BorgWarner."
- [prnewswire.com](https://www.prnewswire.com/news-releases/borgwarner-announces-new-joint-venture-for-business-growth-in-the-chinese-electric-commercial-vehicle-market-302030738.html), 2024-01-10: "BorgWarner is continuing to expand its product portfolio for battery electric and hybrid commercial vehicles by agreeing to form a joint venture with Shaanxi Fast Auto Drive Group."

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