BorgWarner to acquire Delphi Technologies in $3.3 billion deal
BorgWarner Inc. (Auburn, MI) and Delphi Technologies PLC (London, UK) have entered into a definitive transaction agreement under which Borg Warner will acquire Delphi Technologies in an all-stock transaction. Delphi is valued at approximately $3.3 billion for the purposes of the transaction. The acquisition would strengthen BorgWarner’s power electronics products, capabilities and scale. Combining with Delphi Technologies is consistent with BorgWarner’s evolution toward the propulsion market of the future, the company said in a press release, and would enable BorgWarner to maintain flexibility across combustion, hybrid and electric propulsion. In fiscal year 2019, BorgWarner and Delphi Technologies estimate that they generated, respectively, $10.17 billion and $4.3 billion in net sales. Following the close of the transaction, the combined company is expected to be one of the leading pure-play propulsion companies globally, serving light and commercial vehicle manufacturers and the aftermarket.
BorgWarner to acquire Delphi Technologies in $3.3 billion deal
BorgWarner Inc. (Auburn, MI) and Delphi Technologies PLC (London, UK) have entered into a definitive transaction agreement under which Borg Warner will acquire Delphi Technologies in an all-stock transaction. Delphi is valued at approximately $3.3 billion for the purposes of the transaction. The acquisition would strengthen BorgWarner’s power electronics products, capabilities and scale. Combining with Delphi Technologies is consistent with BorgWarner’s evolution toward the propulsion market of the future, the company said in a press release, and would enable BorgWarner to maintain flexibility across combustion, hybrid and electric propulsion. In fiscal year 2019, BorgWarner and Delphi Technologies estimate that they generated, respectively, $10.17 billion and $4.3 billion in net sales. Following the close of the transaction, the combined company is expected to be one of the leading pure-play propulsion companies globally, serving light and commercial vehicle manufacturers and the aftermarket.