BorgWarner has announced the acquisition of Drivetek AG, which will strengthen the company’s power electronics capability and support growth of High Voltage eFan business.

Headquartered in Switzerland, Drivetek offers engineering and product development services for inverters, electric drive solutions, and power electronics as well as a line of products that include specialized 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,” said Frédéric Lissalde, President and CEO of BorgWarner. “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.” 

Highlights

Welcome, POWERTRAIN INTERNATIONAL!

POWERTRAIN (formerly DIESEL INTERNATIONAL) changes its name: from January it will be called POWERTRAIN INTERNATIONAL, following the change of name of our Italian magazine DIESEL, which will become POWERTRAIN. This does not mean deleting the word diesel from our agenda and from our priorities, but it...

Related articles

Dacke Industri: Satu Rautavalta appointed CEO of Pimatic Oy

Dacke Industri announced the appointment of Satu Rautavalta as the new CEO of Pimatic Oy. Mika Virtanen, VP of Air Technology and Electromechanics, Dacke Industri, will take over the role as Chairman of the Board in Pimatic, after Lars Fredin, Group CEO of Dacke Industri.
News

King Willem-Alexander opens new Eleo battery facility in Helmond

King Willem-Alexander of the Netherlands performed the opening ceremony for Eleo’s new battery facility in Helmond. In front of more than 250 guests at the Automotive Campus in Helmond, the King used an electric excavator to unveil the first battery module produced by the plant.
News