BorgWarner’s swoop for Delphi will help boost its green-engine offerings. But the deal comes packed with short- and medium-term challenges, writes AntonyMCurrie.
Car-parts supplier BorgWarner on Jan. 28 said it has agreed to buy Delphi Technologies in a deal that values the target at $1.5 billion. Including debt, the total transaction value is $3.3 billion.
The two companies expect to cut some $125 million of annual costs by 2023 on top of their existing plans to reduce expenses. BorgWarner also announced it would buy back around $1 billion of stock over the next three years.
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