BorgWarner acquires Swiss auto component firm Drivetek AG

  • Industry News
  • Dec 05,22
The acquisition will strengthen BorgWarner’s specialty power electronics capabilities and supports growth of high voltage e-fan business.
BorgWarner acquires Swiss auto component firm Drivetek AG

Michigan (USA)
 
The global auto component major BorgWarner Inc has acquired the Switzerland headquartered Drivetek AG – which offers engineering and product development services for inverters, electric drive solutions, and power electronics as well as a line of products that include specialised inverters for high-speed electrified turbomachinery. Their competencies include design and development of power electronics and electrical machines, system engineering, and control software. Drivetek supports customers in the automotive and transportation industry as well as in the aviation, industrial and energy sectors.

The transaction has an enterprise value of up to CHF 35 million, of which CHF 25 million was delivered at closing. An additional CHF 10 million could be paid in the form of contingent payments over the next 3 years. “Drivetek is an important partner with BorgWarner on our booked eFan business, with our first customer award being announced in February of this year. Bringing Drivetek’s talented team in house is an investment that grows our power electronics capabilities in auxiliary inverters, which we expect to accelerate the growth of our High Voltage eFan business. We welcome the team to BorgWarner,” said Frédéric Lissalde, President and CEO of BorgWarner.

Related Stories

Electrical & Electronics
Taiwan's Gogoro and Belrise to build $2.5 bn battery swapping infra in India

Taiwan's Gogoro and Belrise to build $2.5 bn battery swapping infra in India

Gogoro and Belrise Industries will set up the world’s largest sustainability-focused portable energy system with the battery-swapping ecosystem in Maharashtra.

Read more
Auto & Auto Components
Valeo displays solutions for green, safe and smart mobility at Auto Expo 2023

Valeo displays solutions for green, safe and smart mobility at Auto Expo 2023

The Group demonstrated its latest technologies in the fields of greener, safer, and smarter mobility with a special focus on the four pillars of its “Move Up Strategy”

Read more
Automation & Robotics
Top four benefits of automated tube bending

Top four benefits of automated tube bending

The process of bending metal tubes is historically a labour-intensive one fraught with potential errors and safety issues. Automating this task could offer many benefits, says Emily Newton.

Read more

Related Products

Electric Vehicle Charger

AUTO COMPONENTS & ACCESSORIES

RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more

Request a Quote
Verified

Electric Vacuum Generators ECBPi

AUTO COMPONENTS & ACCESSORIES

The Schmalz CobotPump ECBPi has been tested and certified by Universal Robots and is therefore ideal for use with UR robots. Learn more about the intelligent vacuum generation with the Schmalz CobotPu Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back