BorgWarner acquires Delphi Technologies in $3.3 billions
BorgWarner acquires Delphi: The automobile sector is going through a major transformation and this could take further more years from now to see this industry have some stabilities. To adopt the changes happening within the industry BorgWarner decided to take over the Delphi Technology.
On January 28, 2020, BorgWarner and Delphi Technologies announced that both the companies have entered into an agreement under which BorgWarner will take over the Delphi Technologies. After this agreement, current BorgWarner stockholders are expected to own approximately 84% of the combined company, while current Delphi Technologies stockholders are expected to own approximately 16%.
Delphi Technologies is a Gillingham, U.K based technology and part manufacturing company formed in the 2017. The company designs, develops and manufactures
BorgWarner & Delphi Technologies merger
“By 2023, we estimate the breakdown of pro
“We were impressed by the electronics know-how overall and the scale of the talent, the capabilities on the electronics,” added Lissalde. “Delphi Technologies really ahead of the curve. I think they’re a year advanced than others.”
The future of this agreement
In present time BorgWarner was having diversified work portfolio. The company was supplying transmission products to companies, including Ford, Volkswagen and many others. Apart from that BorgWarner was also working on the power-electronics of electric vehicles and hybrid transmission systems.
In fiscal year 2019, the BorgWarner had sales of $10.17 billion, while Delphi had sales of $4.36 billion. Now
BorgWarner: Solution to increase the efficiency
Department mergers and changes will also happen within the organization. This will give a fresh chance to focus on the product development for gasoline as well as electric cars.
During the Press Conference at IAA Frankfurt in September 2019, the CEO of BorgWarner Frédéric
The business of BorgWarner will expand. Delphi’s work in the area of 48V electrified system will further boost the BorgWarner’s capabilities. Apart from that the BorgWarner will utilize the electrified p