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Power electronics manufacturing supplier (BorgWarner Inc subsidiary)

BorgWarner acquires Drivetek for USD37 million

By Luke Willetts – 2nd January 2023

BorgWarner has announced it has agreed terms to buy existing power electronics manufacturing supplier, Bern-based Drivetek, for USD37 million, of which USD27 million was delivered at closing, with the additional USD10 million being paid over the next three years.