BorgWarner Acquires Electric Hybrid Systems Business

BorgWarner Acquires Electric Hybrid Systems Business | THE SHOPBorgWarner has entered into an agreement to acquire Eldor Corporation’s electric hybrid systems segment for $83 million, the companies announced.

Headquartered in Italy, Eldor’s EHS segment includes on-board chargers (OBCs), DC/DC converters, and integrated high voltage boxes, the company said. The acquisition is expected to enhance BorgWarner’s capabilities in engineering 400V and 800V on-board chargers while also adding high-frequency DC/DC converter technology to its product portfolio, BorgWarner representatives said.

The transaction is expected to close in the third quarter of 2023.

“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,” said Frédéric Lissalde, president and CEO of BorgWarner. “As we continue with our Charging Forward M&A strategy, we look forward to welcoming Eldor’s talented team to BorgWarner later this year.”

“BorgWarner represents the best opportunity for the Eldor EHS team to grow further from both a professional and managerial standpoint at a global scale,” said Pasquale Forte, president of Eldor Corporation. “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.”

A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at

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