BorgWarner Completes Acquisition of Santroll's Light Vehicle eMotor Business
BorgWarner Inc. (NYSE: BWA) has finalized its acquisition of Santroll Automotive Components, specifically its eMotor business, enhancing its leadership in electric propulsion systems. This acquisition is expected to significantly bolster BorgWarner's vertical integration capabilities and enable a faster market response for their light vehicle e-motors. Santroll, located in Tianjin, China, specializes in advanced eMotor technologies and has established relationships with major clients in China, which will further expand BorgWarner's portfolio.
- Acquisition strengthens vertical integration and market leadership in e-motors.
- Enhances speed to market for light vehicle electric propulsion systems.
- Access to Santroll's established relationships with leading customers in China.
- None.
- Expected to strengthen electric propulsion systems leadership
- Complementary, market leading vertical integration capabilities
AUBURN HILLS, Mich., April 1, 2022 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today announced that it has completed its acquisition of Santroll Automotive Components, a carve-out of Santroll's eMotor business. The acquisition is expected to strengthen BorgWarner's vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market.
"We are pleased to complete our acquisition of Santroll and welcome Santroll's talented employees in China to BorgWarner," said Frédéric Lissalde, President and CEO, BorgWarner.
Based in Tianjin, China, Santroll designs and manufactures hairpin and concentrated-winding technology eMotors for use in light vehicles. Santroll supplies its patented technology to the Chinese OEM market. With nearly 400 full-time employees, Santroll brings manufacturing equipment design capabilities and proven automation expertise that have allowed it to secure business relationships with many leading customers in China.
About BorgWarner
For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility — to help build a cleaner, healthier, safer future for all.
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SOURCE BorgWarner
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