Borgwarner Acquires Rhombus Energy Solutions

Aug 03, 2022•almost 3 years ago

Acquiring Company

BorgWarner

Acquired Company

Rhombus Energy Solutions, Inc.

Auburn Hills

San DiegoEnergy

Description

BorgWarner Inc. (NYSE: BWA) today announced that it has acquired Rhombus Energy Solutions.

Company Information

Company

BorgWarner

Location

Auburn Hills, Michigan, United States

About

For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. Today, we're accelerating the world's transition to eMobility – to help build a cleaner, healthier, safer future for all.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Borgwarner Acquires Rhombus Energy Solutions

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Borgwarner Acquires Rhombus Energy Solutions

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