January 28, 2020 / 10:46 AM / a month ago

BorgWarner in advanced talks to buy Delphi Technologies - Bloomberg

Jan 28 (Reuters) - U.S. auto parts maker BorgWarner Inc is in advanced talks to buy UK-based Delphi Technologies PLC, as it looks to expand in a growing market for hybrid and electric vehicles, Bloomberg reported here on Tuesday.

A deal could be announced as soon as this week, the report said.

The two companies did not immediately respond to a Reuters request for comment outside business hours.

BorgWarner, which has a market capitalization of about $7.9 billion, makes automotive parts including automatic transmissions, turbochargers, emissions systems as well as thermostats.

Delphi, which is valued at about $843.5 million, makes parts including electronic control modules that provides centralized management of various powertrain components. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

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