BorgWarner to acquire Sevcon for $200 million

By Charles Morris Auto supply giant BorgWarner plans to acquire Sevcon, a manufacturer of controls and battery chargers for electric and hybrid vehicles. Subject to shareholders’ approval, BorgWarner will acquire all of Sevcon’s common stock for $22 per share in cash, for an expected total price of $200 million.
Sevcon’s products control on- and …read more

Source:: https://chargedevs.com/newswire/borgwarner-to-acquire-sevcon-for-200-million/