Borg Warner is to acquire the remaining shares in Germany’s Beru that it does not already own.
Go deeper with GlobalData
BW owns 75% of Beru, and has entered into a domination and profit transfer agreement with the company, in which it will offer to buy shares for EUR71.32.
The agreement will be validated at Beru’s annual shareholder meeting in May.
BW acquired a majority shareholding in Beru in 2005. Since then Beru’s growth in the fast-growing diesel component market has stalled. Last October a new CEO, Thomas Waldhier, was appointed, to stop this trend, and increase Beru’s international presence through acquisitions.
Beru will present its results for 2007 on 27 March.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
