Romeo Power Completes Acquisition of BorgWarner Joint Venture Interest

BorgWarner Acquires Rhombus Energy Solutions

August 3, 2022

Energy

BorgWarner Inc. acquired San Diego-based Rhombus Energy Solutions for an enterprise value of up to $185 million, with approximately $130 million paid at closing and up to $55 million in contingent payments. The deal expands BorgWarner's charging business—adding V2G and DC fast-charging capabilities and a North American presence—and leverages BorgWarner's manufacturing, engineering, supply chain, and sales strengths to scale Rhombus's technology.

BorgWarner Acquires Delphi Technologies

January 28, 2020

Automotive

BorgWarner Inc. agreed to acquire Delphi Technologies PLC in an all‑stock transaction valuing Delphi at an enterprise value of approximately $3.3 billion. The deal strengthens BorgWarner's power electronics and electrified propulsion capabilities and is expected to create a leading pure‑play propulsion company serving OEMs and the aftermarket.

BorgWarner Invests in Enexor BioEnergy

August 23, 2021

Renewable Energy

BorgWarner made a $10 million Series A minority investment in Enexor BioEnergy to support commercialization of the startup's on-site renewable energy and carbon-conversion systems. The investment strengthens BorgWarner's sustainability and clean-energy technology portfolio and enables collaboration on low‑carbon power solutions.

BKV Corporation Acquires Additional Interest in BKV-BPP Power Joint Venture

January 30, 2026

Energy

BKV Corporation acquired one-half of Banpu Power US Corporation’s (BPPUS) interest in BKV-BPP Power, LLC for approximately $115.1 million in cash and 5,315,390 newly issued BKV common shares, increasing BKV’s ownership in the power joint venture to 75% from 50%. The transaction gives BKV majority control of the JV (which owns the Temple I and II combined-cycle gas power plants in Temple, Texas) to consolidate results and accelerate expansion of its power operations in the ERCOT market.

Atar Capital Acquires BorgWarner's North American Controls Business (Renamed Solero Technologies)

January 6, 2022

Automotive

Atar Capital completed the carve-out acquisition of BorgWarner's North American Controls (BWNAC) business, a Detroit-headquartered maker of transmission and engine solenoids, hydraulic control modules and related products. The business has been renamed Solero Technologies and will operate as a standalone company focused on growth, diversification and serving OEM and industrial end markets.

Thoma Bravo Acquires J.D. Power

July 30, 2019

Data & Analytics

Thoma Bravo, a leading private equity firm, has agreed to acquire J.D. Power, the global data analytics and consumer intelligence company. The deal, announced July 30, 2019, will support J.D. Power's continued expansion of analytics, AI and product offerings; prior investor XIO Group is exiting its investment while management and employee owners will roll some equity into the new ownership.