BorgWarner has completed its acquisition of Santroll Automotive Components (a carve-out of its holding company, Tianjin Santroll Electric Automobile Technology Co., Ltd) for up to $220 million by 1st April, 2022.
Tianjin Santroll Electric Automobile Technology Co., Ltd was established in 2001 and dedicated to providing all types of driving control system technology.
Its products can be used in electric passenger vehicle, construction vehicles, electric vessel, electric drones, railway transport, ATV, service robots, electric bicycles, construction machinery, special equipment for ports and airports, etc.
The acquisition by BorgWarner is the Hairpin Motor for Passenger Vehicle Division of Santroll.
History of Santroll Automotive Components:
With more than 400 employees, Santroll produces hairpin motors for electric passenger vehicle. Santroll owns more than 200 patents inside and outside of China, it is one of the top three in Hairpin motor industry in the world in terms of patent numbers. Santroll integrates product, process and automatic manufacturing equipment development for hairpin motors.
As one of the largest vehicle components suppliers in the world, BorgWarner is listed in the top 25 suppliers in the global automotive industry, sales revenue in 2021 was up to$14.84 billion. Starting from 2015, to respond quickly to the requirement of electrification of the vehicle industry, BorgWarner acquired Remy International in motor industry for up to $950 million, and acquired Delphi Technologies for up to $3.3billion in 2020. The acquisition of Santroll’s hairpin motor business is expected to strengthen BorgWarner’s portfolio breadth in motors. The acquisition also reflects the commercial value of Santroll’s hairpin motor division , and the comprehensive advantages of Santroll’s product, process, automation and R&D abilities have been internationally recognized.
“Energy will not be exhausted, until technology exhausted”. Tianjin Santroll is embracing the global era of electrification and being a leader in the electric drive industry!