Brief: Borgwarner Acquires Drivetek AG

BorgWarner

02/12/2022 12:36

Dec 2 (Reuters) - Borgwarner Inc  BWA.N :
    * BORGWARNER ACQUIRES DRIVETEK AG
    * BORGWARNER INC - TRANSACTION HAS AN ENTERPRISE VALUE OF UP
TO
CHF 35 MILLION, OF WHICH CHF 25 MILLION WAS DELIVERED AT CLOSING
    * BORGWARNER INC - TRANSACTION HAS AN ENTERPRISE VALUE OF UP
TO
CHF 35 MILLION
    * BORGWARNER INC - ADDITIONAL CHF 10 MILLION COULD BE PAID
IN FORM
OF CONTINGENT PAYMENTS OVER NEXT 3 YEARS

Source text for Eikon:  ID:nPn99PJG7a 
Further company coverage:  BWA.N 
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