BorgWarner acquires minority stake in Enexor BioEnergy for USD10 million

Acquisition, divestment & Spinoff

BorgWarner and Enexor are keen to explore future collaborations, including the potential for CO2 reduction technologies and supplying battery packs

Michigan-based global supplier of powertrain technologies Borgwarner has invested USD10 million in Enexor BioEnergy, LLC, in its series A funding, acquiring a minority stake in the latter, the company said in a press release on 23 August.

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