BorgWarner to spin-off Fuel Systems and Aftermarket business into separate company

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M&A

The move will allow the newly formed company to pursue growth opportunities in alternative fuels, such as hydrogen, and in the aftermarket

Michigan-based global supplier of powertrain technologies, BorgWarner, has announced its intention to execute a tax-free spin-off of its fuel systems and aftermarket segments into a separate, publicly traded company (“NewCo”), according to a press release dated 6 December.

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