BorgWarner Completes Acquisition of Eldor Corporation's Electric Hybrid Systems Business Segment
Portfolio Pulse from Benzinga Newsdesk
BorgWarner Inc. has finalized the acquisition of the Electric Hybrid Systems business segment from Eldor Corporation. This move enhances BorgWarner's ePropulsion portfolio, particularly in high-voltage power electronics beyond the inverter. The company's President and CEO, Frédéric Lissalde, expressed satisfaction with the completion of the acquisition and welcomed Eldor's employees to BorgWarner.
December 01, 2023 | 7:20 am
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BorgWarner Inc. has acquired Eldor Corporation's Electric Hybrid Systems business, enhancing its ePropulsion portfolio and expanding its capabilities in high-voltage power electronics.
The acquisition of Eldor's Electric Hybrid Systems business is likely to be viewed positively by investors as it strengthens BorgWarner's position in the electric and hybrid vehicle market. The expansion into high-voltage power electronics is a strategic move that aligns with the industry's shift towards electrification. This could lead to potential growth in revenue and market share, thus the positive score.
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