BorgWarner Inc. announced that it has acquired Drivetek AG.

Headquartered in Switzerland, Drivetek offers engineering and product development services for inverters, electric drive solutions and power electronics, as well as a line of products that include specialized inverters for high-speed electrified turbomachinery. Drivetek’s competencies include design and development of power electronics and electrical machines, system engineering and control software. Drivetek supports customers in the automotive and transportation industry as well as in the aviation, industrial and energy sectors.

The transaction has an enterprise value of up to CHF 35 million (approx. $37M USD), of which CHF 25 million (approx. $27M USD) was delivered at closing. An additional CHF 10 million (approx. $11M USD) could be paid in the form of contingent payments over the next three years. 

“Drivetek is an important partner with BorgWarner on our booked eFan business, with our first customer award being announced in February of this year,” said Frédéric Lissalde, president and CEO of BorgWarner. “Bringing Drivetek’s talented team in-house is an investment that grows our power electronics capabilities in auxiliary inverters, which we expect to accelerate the growth of our High Voltage eFan business. We welcome the team to BorgWarner.”