BorgWarner Strengthens Electrification Strategy With Eldor Deal, Will Aid In Resource Optimization: Analyst
Portfolio Pulse from Shivani Kumaresan
BorgWarner (BWA) has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million. The acquisition is expected to generate €25 million of revenue for FY23 and €250 million in 2027. Oppenheimer analyst Noah Kaye reiterated an Outperform rating on BWA shares.
June 20, 2023 | 6:05 pm
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BorgWarner's acquisition of Eldor's EHS business is expected to boost revenues and aligns with its electrification strategy. Oppenheimer analyst reiterates Outperform rating.
The acquisition of Eldor's EHS business is expected to generate significant revenue for BorgWarner in the coming years, aligning with its electrification strategy. The Oppenheimer analyst's reiteration of an Outperform rating indicates a positive outlook for the company's stock in the short term.
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