BorgWarner Inc.
Company Profile
Business Overview
-The Company is an automotive supplier specializing in manufacturing components and systems to improve the performance, efficiency and environmental qualities for powertrains of combustion, hybrid and electric vehicles.
-Following the Delphi Technologies acquisition, the Company reorganized its management reporting structure. Previously, the Company reported its results under two reporting segments, Engine and Drivetrain, which are now combined for reporting purposes with portions of the acquired business and referred to as Air Management and e-Propulsion & Drivetrain, respectively. The former Delphi Technologies Powertrain Products segment was integrated into the Air Management segment, and the former Delphi Technologies Electronics & Electrification segment was integrated into the e-Propulsion & Drivetrain segment. The remaining Delphi Technologies segments comprise two additional reporting segments, which are referred to as Fuel Injection and Aftermarket.
-The Company announced it has completed its acquisition of Delphi Technologies. The acquisition is expected to strengthen the Company’s electronics and power electronics capabilities and enhance its combustion, commercial vehicle and aftermarket businesses. (From a press release on October 2, 2020)
Competitors
Shareholders
-The Company is listed on the New York Stock Exchange.
Products
Combustion vehicle systems
-AWD Couplings
-AWD Transfer Cases
-Cross Axle Systems
-HY-VO® Driveline Chains
-Wastegate Turbochargers
-Variable Turbine Geometry (VTG)
-Multistage Turbocharging Systems
-Controllers
-Sensors
-EGR Systems
-EGR Modules
-Exhaust Heat Recovery Systems
-Fuel Injection Systems
-Fuel Handling
-High Energy Ignition Coils
-Metal/Ceramic Glow Plugs
-Starters & Alternators
-High Voltage Air Heaters
-High Voltage Coolant Heaters
-Fan
-Fan Drives
-Clutches and Dampers
-Transmission Control Systems
-Solenoids
-Stop-Start-Accumulator and E-Clutch Actuator
-Cam Torque Actuated (CTA) Phasers
-iCTA: Intelligent Cam Torque Actuation
-Torsional Assist (TA) Phasers
-Oil Pump Actuated (OPA) Phasers
Hybrid vehicle systems
-Controllers
-Sensors
-eBoosterⓇ Electrically Driven Compressor
-eTurbo Electrically Assisted Turbocharger
-eTurbocompound Turbine-driven, Water-cooled Generator for Commercial Vehicles
-Organic Rankine Cycle (ORC) Waste Heat Recovery System for Commercial Vehicles
-EGR Systems
-EGR Modules
-Exhaust Heat Recovery Systems
-Fuel Handling
-Fuel Injection Systems
-Motor Controllers
-DC/DC Converters
-P0 Hybrid Architecture
-P1 Hybrid Architecture
- HVH Series Electric Motor
-P2 Hybrid Architecture
- P2 On-Axis Hybrid Module
- P2 Off-Axis Hybrid Module
- HY-VO® Driveline Chains
-P3 Hybrid Architecture
-P4 Hybrid Architecture
- iDM: Integrated Drive Module
-Power Split (PS) Hybrid Architecture
-High Voltage Air Heaters
-High Voltage Coolant Heaters
-Fan
-Fan Drives
Electric vehicle systems
-Battery Modules
-Battery Packs
-Controllers
-EV Transmissions
-HVH Series Electric Motor
-eAWD Drive Module 1 or 2 Speed
-On-Axis Electric Drive Module
-Integrated Drive Module eAxle
-Motor Controllers
-DC/DC Converters
-High Voltage Air Heaters
-High Voltage Coolant Heaters
-Fan
-Fan Drives
History
| 1880 | Morse Equalizing Spring Company, forerunner of Morse Chain, was founded. |
| 1928 | BorgWarner Corporation was formed. Founding companies included Borg & Beck, Marvel-Schebler, Warner Gear and Mechanics Universal Joint. |
| 1929 | Acquired Morse Chain. |
| 1964 | Established a joint venture, NSK-Warner with NSK Limited (Japan). |
| Apr. 1995 | Purchased Precision Forged Products Division of Federal-Mogul Corporation. |
| 1995 | Entered into a joint venture with Divgi Metalwares Private Ltd. Entered into a joint venture with Shiyan Automotive Transmission Factory ("Shiyan") in China. The venture is named Huazhong Warner Transmission Company Ltd. |
| Jun. 1996 | Acquired Coltec Industries Inc. |
| 1996 | Three automotive business were acquired from Coltec industries, including Holley Automotive. |
| Oct. 1997 | Acquired a 63% interest in Kuhnle, Kopp & Kausch A.G. |
| May 1998 | Opened a new headquarter for Morse TEC Europe. |
| Oct. 1998 | Acquired turbocharger business from AG Kuhnle. |
| Mar. 1999 | Acquired Kuhlman Corp., a manufacturer of proprietary engine components, including turbochargers, fans, fan drives and other products. |
| May 1999 | Formed Lapeer Warner LLC with Lapeer Metal Stamping Co. Inc. |
| Oct. 1999 | Acquired the Fluid Power Division of Eaton Corporation, a manufacturer of powertrain cooling solutions. |
| May 2000 | Formed a strategic alliance with Valeo Engine Cooling to collaborate on the development of cooling systems for light, medium and heavy truck engine vehicle applications. |
| Jun. 2001 | Formed a 50-50 joint venture with Hitachi Ltd. Automotive Products Group. The JV, called Hitachi Warner Turbo Systems Ltd. |
| Sep. 2002 | Established Morse TEC Korea, near Seoul. |
| Feb. 2007 | Opened a new 34,000-square-foot European Drivetrain Competence Center in Ketsch, Germany. |
| Sep. 2009 | Made BERU AG (Currently BorgWarner BERU Systems GmbH) its wholly-owned subsidiary. |
| Established BorgWarner United Transmission Systems, a joint venture with 12 automakers in China. | |
| 2010 | Established China Technical Center in Shanghai, China. |
| Established a new facility to provide manufacturing, sales and engineering support for the Thermal Systems business in Chennai, India. | |
| Acquired Dytech ENSA to expand its product portfolio in exhaust gas recirculation technologies. | |
| 2011 | Acquired the Swedish-based Traction System division of Haldex AB. |
| 2012 | Established a new production plant and engineering center in Ningbo, Jiangsu Province, China. |
| Established a new factory and engineering center in Itatiba, Brazil. | |
| Divested its spark plug business to Federal-Mogul Corporation. | |
| 2014 | Acquired 100% of the equity interests in Gustav Wahler GmbH und Co. KG, a producer of exhaust gas recirculation (EGR) valves, EGR tubes and thermostats. |
| Jan. 2015 | Acquired remaining 51% of BERU Diesel Start Systems Pvt. Ltd., a glow plug manufacturer, from joint venture partner, making it a wholly owned subsidiary. |
| Nov. 2015 | Acquired Remy International, Inc., a manufacturer of starter motors and alternators. |
| Sep. 2017 | Finalized acquisition of Sevcon, a company specializing in control and power solutions for electric and hybrid vehicles. The transaction was valued at approximately USD 200 million. |
| Apr. 2019 | Divested Wahler thermostat business to Arlington Industries Group Ltd. |
| Jan. 2020 | Entered agreement to acquire Delphi Technologies PLC for approximately USD 3.3 billion in an all-stock transaction. |
| Oct. 2020 | Completed the acquisition of Delphi Technologies. |
Supplemental Information 1
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Note: A figure in brackets ( ) indicates a loss