BorgWarner Buys Eldor's EHS Business, Boosting ePropulsion Portfolio
Portfolio Pulse from Lekha Gupta
BorgWarner Inc plans to acquire Eldor Corporation's Electric Hybrid Systems (EHS) business for €75 million, boosting its ePropulsion portfolio. The acquisition will add high-frequency DC/DC converter technology and enhance its capabilities in 400V and 800V onboard chargers. The deal is expected to close in Q3 2023.
June 20, 2023 | 9:08 am
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BorgWarner's acquisition of Eldor's EHS business for €75 million will boost its ePropulsion portfolio and onboard charger capabilities. The deal is expected to close in Q3 2023.
The acquisition of Eldor's EHS business will strengthen BorgWarner's ePropulsion portfolio and expand its capabilities in high-voltage power electronics. This is expected to have a positive impact on the company's growth and revenue, making it likely that the stock price will go up in the short term.
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