Sales rise at tech firm BorgWarner Gateshead following multimillion-pound acquisition

Tyneside tech firm BorgWarner Gateshead saw turnover grow 5.2% in its first full year of trading after being acquired in a multimillion-pound deal.

The Team Valley firm, which makes parts for electric vehicles, was originally founded as Sevcon until it merged with US group BorgWarner Inc in 2017, in a deal which valued the company at around £150m.

The business designs, develops and sells controls for zero emission and hybrid electric vehicles, with customers including...
source: Business Live

2020-02-27 14:47
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