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To accelerate vehicle electrification BorgWarner announced to acquire Darmstadt, Germany based AKASOL AG for approximately US$880 million. The deal will expand commercial vehicle electrification capabilities.

  • AKASOL designs and manufactures customizable battery packs for use in buses, commercial vehicles, rail vehicles and industrial vehicles, as well as in ships and boats.
  • AKASOL’s proprietary system technology is cell-agnostic, providing a low-cost, flexible solution to world-class customers.

The other prominent news by BorgWarner is featured below:

Sep 2020: BorgWarner announced its collaboration with startup company Plug and Play, to become a partner of its newly planned incubator location in Detroit.

May 2020: BorgWarner Inc. and Delphi Technologies PLC announced that the companies have amended certain terms of the definitive transaction agreement they originally entered into in January, 2020.

January 2020: BorgWarner Inc. has agreed to acquire London based Delphi Technologies for $3.3 billion. The acquisition of Delphi Technologies would strengthen BorgWarner’s power electronics products, capabilities, and scale. The deal helps BorgWarner’s propulsion market to maintain flexibility across combustion, hybrid, and electric propulsion (C-H-E). After completion of the deal, the combined company is expected to be one of the leading pure-play propulsion companies worldwide, serving light and commercial vehicle manufacturers and aftermarket customers.

May 2019: BorgWarner announced a joint venture with a battery module and pack supplier Romeo Power Technology. After this JV, the battery packs of Romeo Power Technology will energize BorgWarner’s existing product portfolio for hybrid and electric vehicles. The new JV will be split into 60:40 with BorgWarner and Romeo Power Technology, respectively. The addition of battery packs after the JV will energize BorgWarner’s existing product portfolio for hybrid and electric vehicles that includes electric motors, onboard battery chargers power electronics, high-voltage battery heaters and eAxle iDMs.

February 2019: BorgWarner has announced the acquisition of two Oregon-based businesses Rinehart Motion Systems LLC and AM Racing Inc., through newly formed company Cascadia Motion LLC. The newly formed company will retain an entrepreneurial culture and explore the wide variety of electric and hybrid propulsion solutions for niche and emerging applications.

January 2019: BorgWarner expanded in India with investments in Kakkalur plant. The plant helps to meet the increasing demand for engine timing systems in the Southeast Asian market. The expansion of 43,300 square feet area at the plant includes engineering, manufacturing, warehouse, and office space.

January 2019: BorgWarner agreed to sell its thermostat business to Arlington Industries Group Ltd. The sale included its manufacturing facilities in Oberboihingen, Germany and Piracicaba, Brazil. The thermostat business came with the exhaust gas recirculation valve business acquired from Gustav Wahler GmbH & Co. KG in 2014.

About BorgWarner
BorgWarner is a Michigan based global leader in clean and efficient solutions for combustion, hybrid, and electric vehicles. The company supplies its products to major global automakers across different regions of the world with its best-in-class EGR system. The company is primarily known for its powertrain products. At present, the company has manufacturing and technical facilities in around 67 locations in about 19 countries of the world, and the company employs nearly 30,000 people worldwide.

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