Skip navigation

Gloucestershire Business News

BorgWarner complete Delphi Technologies takeover

The purchase of Delphi Technologies by American automotive components giants BorgWarner has been completed.

The new Michigan-based owners confirmed the $3.3billion deal, first announced in January, to take over Delphi who employ around 1,200 people at its UK base in Stonehouse.

Delphi became one of the leading suppliers of parts for hybrid and electric vehicles when it was born out of the General Motors group in 1998.

It provides combustion systems, electrification products, software and controls in the passenger and commercial vehicle markets.

BorgWarner president Frederic Lissalde said: "We are pleased to complete our acquisition of Delphi Technologies

"Through this combination, BorgWarner is even better positioned with a more comprehensive portfolio of industry-leading propulsion products and systems across combustion, hybrid and electric vehicles.

"We expect that the combination will also strengthen our commercial vehicle and aftermarket businesses."

He continued: "We welcome Delphi Technologies' colleagues around the world to the BorgWarner team and are excited about the opportunities we have together to address market trends towards electrification.

"I am proud of our global workforce, including our integration planning teams, for driving the business forward as we managed through the pandemic and laying a strong foundation for a seamless integration."

Delphi's website now redirects to BorgWarner but the company says Delphi Technologies Aftermarket will maintain its brand identity.

The completion of the transaction follows approval by Delphi Technologies' shareholders, receipt of required regulatory approvals, the satisfaction of certain conditions and the satisfaction or waiver of customary closing conditions.

Delphi Technologies common stock will cease to be traded on the New York Stock Exchange.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, October 22 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, October 22

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Police message as Covid cases increase: “Don’t throw it all away”  Image

Police message as Covid cases increase: “Don’t throw it all away”

Gloucestershire’s Chief Constable and Police and Crime Commissioner have made a joint appeal to the public not to flaunt the Government’s social distancing rules, amid fears of a further surge in Covid cases.

University of Gloucestershire nominated for industry award Image

University of Gloucestershire nominated for industry award

The shortlist has been revealed for this year's prestigious TIGA awards, with the University of Gloucestershire announced as a shortlist entry.

Gloucester Quays cancels 2020 ice rink Image

Gloucester Quays cancels 2020 ice rink

Following advice and guidance from Public Health England and the local authority, Gloucester Quays has made the decision to cancel this year's ice rink in light of the coronavirus pandemic.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.