AUBURN HILLS, MI — BorgWarner has purchased Eaton Corp.’s European Transmission and Engine Controls product lines. Terms were not disclosed. With 2006 sales anticipated at $57 million, the transmission and engine controls operation specializes in high pressure control solenoids for automated transmissions, common rail diesel and gas 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 Tim Manganello, BorgWarner chairman and chief executive officer. "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 will become part of BorgWarner Transmission Systems and the BorgWarner Drivetrain Group.
For more information about BorgWarner, go to: http://www.borgwarner.com.
