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

Solero Technologies (Atar Capital) Acquires Kendrion's Automotive Business

April 15, 2024

Automotive

Solero Technologies, an Atar Capital affiliate, has acquired Kendrion's automotive business in the United States and Europe for roughly EUR 65 million (approximately USD 67–70 million). The divested business generated roughly USD 225–231 million in revenue with ~USD 23–24 million of TTM EBITDA and provides Solero with expanded product offerings, European locations and an enlarged global footprint.

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 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 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.

Albireo Energy (Huron Capital) Acquires Alabama Controls

July 18, 2019

HVAC & Mechanical

Albireo Energy, the building automation and energy services platform backed by Huron Capital, has acquired Alabama Controls, a Pelham, Alabama-based provider of building automation and HVAC control solutions. The add-on expands Albireo's footprint into the southeastern U.S., deepens relationships in the government and higher education sectors, and retains current Alabama Controls management; financial terms were not disclosed.

Romeo Power Completes Acquisition of BorgWarner Joint Venture Interest

February 7, 2022

Energy

Romeo Power, Inc. completed the previously announced acquisition of BorgWarner’s interest in the joint venture between the two companies for $28.6 million in cash. The deal gives Romeo Power full control of the JV assets and intellectual property, removing commercial restrictions and enabling broader commercialization and expansion into new vehicle classes and geographies.