WionDrive News Desk 
BorgWarner, a global leader in propulsion solutions, is set to acquire Eldor Corporation’s Electric Hybrid Systems (EHS) business segment for 75 million euros. The deal, outlined in a Share Purchase Agreement, includes the potential for an additional earnout amount.
Based in Italy, Eldor’s EHS division specializes in on-board chargers (OBCs), DC/DC converters, and integrated high voltage boxes. These products are poised to seamlessly complement BorgWarner’s existing portfolio, bolstering its capabilities in compact and efficient 400V and 800V on-board chargers. This strategic move aligns with BorgWarner’s ‘Charging Forward 2027’ targets and the pursuit of innovative high-frequency DC/DC converter technology.
The acquisition is anticipated to contribute substantially to BorgWarner’s growth trajectory. Eldor’s EHS business is projected to generate 25 million euros in revenue for 2023 alone. Looking ahead, BorgWarner aims to achieve approximately 250 million euros in revenues by 2027.
Frédéric Lissalde, BorgWarner’s President and CEO, commented on the synergy between the companies: “Eldor’s technologies are a great complement to BorgWarner’s ePropulsion portfolio, particularly as it relates to expanding in high-voltage power electronics beyond the inverter. As we continue with our Charging Forward M&A strategy, we look forward to welcoming Eldor’s talented team to BorgWarner later this year.”
The acquisition marks a significant step for both companies. Pasquale Forte, President of Eldor Corporation, highlighted the growth prospects it presents: “BorgWarner represents the best opportunity for the Eldor EHS team to grow further from both a professional and managerial standpoint at a global scale. I am proud that the value we have built together so far has been well recognized and I thank them for the passion, dedication, and skills they have demonstrated over the years.”
This strategic move underscores BorgWarner’s commitment to innovation and expansion in the electric mobility sector. The integration of Eldor’s EHS segment is set to enhance BorgWarner’s product offerings, further solidifying its position as a key player in the evolving automotive landscape.
