BorgWarner acquires Santroll's light vehicle eMotor business for up to ¥1.4B

May 03, 2022

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BorgWarner (NYSE:BWA) is acquiring Santroll Automotive Components, a carve-out of Santroll's eMotor business, for up to ¥1.4B, comprised of a closing payment of ¥1.1B and an earnout of up to ¥0.3B.

The transaction will be funded primarily with existing cash balances.

The deal is expected to close in late first quarter 2022.

Based in Tianjin, China and with nearly 400 full-time employees, Santroll designs and manufactures hairpin and concentrated-winding technology eMotors for use in light vehicles. Santroll supplies its patented technology to the Chinese OEM market.

The acquisition is expected to strengthen company's vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market.

"The eMotor remains an important element of BorgWarner 's electric vehicle growth strategy," said Frédéric Lissalde, President and CEO of BorgWarner . "Santroll will bring patented eMotor technology that will complement the breadth of our existing eMotor line. Together, we expect to build a differentiating vertically integrated production capability that creates scale while delivering enhanced solutions to our customers."

For this year the company, based in Auburn Hills revenue will be around 15.85 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 14.84 billion USD.

Historical revenues and results BorgWarner plus estimates 2021

The analysts expect for 2021 a net profit of 992 million USD. For this year the consensus of the result per share is a profit of 4.15 USD. So the price/earnings-ratio equals 9.

Per share the analysts are expecting a dividend of 69 cents per share. Thus the dividend yield equals 1.85 percent. The average dividend yield of the automobile companies equals a good 1.68 percent.

BorgWarner 's market capitalization is based on the number of outstanding shares around 8.92 billion USD. -23

On Monday the stock closed at 37.33 USD.

Historical stock prices BorgWarner

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