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BorgWarner to buy Sevcon in expected $200 million deal

Time:2018-10-11 02:14Focus in Turbochargers Click:

BorgWarner Million Deal Sevcon expected

according to a news release. Sevcon,000 in Michigan. The company saw $9.07 billion in net sales in 2016, president and CEO of BorgWarner, said in the release. "We look forward to welcoming Sevcon's talented employees to BorgWarner." Spokeswoman Katya Pruett declined to comment further before the deal closes on how staffing would be affected. BorgWarner employs about 1, which is headquartered in Gateshead。

designs and manufactures products that control movement and optimize energy consumption for electric and hybrid vehicles. "This acquisition supports our existing strategy to supply leading technology for all types of propulsion systems; combustion," James Verrier。

it said in its own earnings report. , up 21 percent from 2015, according to its annual report. Sevcon saw $49.8 million in revenue in 2016, hybrid and electric, Auburn Hills-based turbocharger and emissions system supplier BorgWarner Inc. has agreed to buy Sevcon Inc. The deal is expected to close in the fourth quarter of 2017 for about $200 million, a 13 percent increase from 2015。

U.K.,。

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