BorgWarner aquires Haldex
 

Filed under: Technology

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The world of automotive suppliers has gotten a bit smaller as Auburn Hills, MI-based BorgWarner has acquired Haldex. BorgWarner says its acquisition cost $205 million, and that the paperwork should be signed, sealed and delivered in the first quarter of 2011.

You may recall the name Haldex as a supplier of all-wheel drive systems for several automakers including Volvo and Ford. The move gives mega-supplier BorgWarner a big-time chip in the AWD market, further broadening the supplier's technology base. BW also gains a larger foot-hold in the European market, where AWD has been widely accepted for decades. Hit the jump for the proud papa's official release.

[Source: BorgWarner]Continue reading BorgWarner aquires Haldex

BorgWarner aquires Haldex originally appeared on Autoblog on Mon, 20 Dec 2010 09:01:00 EST. Please see our terms for use of feeds.



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