BorgWarner on Monday said it had bought the European transmission and engine controls product lines from Eaton Corporation, though terms were not disclosed.
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With 2006 sales anticipated at US$57m, the transmission and engine controls operation specialises in high pressure control solenoids for automated transmissions, common rail diesel and petrol engines and other applications that complement BorgWarner’s expertise in engine and drivetrain electronics.
“Intelligent powertrains are a smart way to drive improvements in fuel economy and emissions worldwide,” said BorgWarner chairman and CEO Tim Manganello.
“Integrating Eaton’s European controls products with our existing controls know-how gives us new opportunities for growth in these critical areas. In addition to its product technology, this operation brings us state-of-the-art, highly flexible and efficient low to mid-volume controls manufacturing technology, which can serve as a model for our expansion in developing countries. The acquisition is a strategic step in our global expansion.”
The transmission and engine controls operation, located in Monaco, employs about 200 people and has a diverse product and European customer base. It will become part of BorgWarner Transmission Systems and the BorgWarner drivetrain group, and will benefit from the US-based supplier’s existing infrastructure and global reach, a company statement said.
