Borgwarner to acquire santroll's light vehicle emotor business

Auburn hills, mich., feb. 15, 2022   /prnewswire/ -- borgwarner inc. (nyse: bwa), santroll electric auto and santroll automotive components today announced that they have signed an equity transfer agreement (eta) under which borgwarner will acquire santroll automotive components, a carve-out of santroll's emotor business, for up to ¥1.4 billion, comprised of a closing payment of ¥1.1 billion and an earnout of up to ¥0.3 billion.
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