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Auburn Hills, Michigan - BorgWarner Inc. (' BorgWarner ') has sold its Water Valley, Mississippi facility to Atar Capital.. The sale is consistent with Project Charging Forward, BorgWarner's accelerated electrification strategy which the Company announced in March 2021.Outlined in this strategy is a target to dispose of $3 billion to $4 billion in annual revenues from its combustion portfolio.

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Water Valley, Mississippi - Feb. 8, 2022 - BorgWarner's North American Controls business, acquired by Atar Capital on December 31, 2021, has been renamed Solero Technologies, effective immediately. The business is a leading global supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules.

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-- BorgWarner said Wednesday it has sold its Water Valley facility in Mississippi to Atar Capital for $42 million in cash and notes and up to $30 million in potential earn out payments. BorgWarner. ba.QSrlI8gKgRbIO8PuOPjZg2If27-_TypyIlzV4tRDWPU.EnOnb6U68XWnWKaZD8-NylJehIzVDmIwaWykku0cH4M1Qb9P-Dz5e_x0lg

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BorgWarner Sells Water Valley, Mississippi Facility to Atar Capital • Divestiture consistent with BorgWarner's Charging Forward Strategy Auburn Hills, Michigan, January 5, 2022 - BorgWarner Inc. ("BorgWarner") has sold its Water Valley, Mississippi facility to Atar Capital. The sale is consistent with Project Charging Forward,

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BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, is expanding in Water Valley, Mississippi. The $20 million corporate investment is expected to create approximately 75 jobs over the

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Company leaders unveiled the new Solero Technologies sign on February 8, 2022. WATER VALLEY, Miss. (WTVA) - BorgWarner in Water Valley now operates under a new name. More than 400 staff members who were hired as BorgWarner employees now work for Solero Technologies. Interim CEO Ramzi Hermiz shares the differences those staff members can expect.

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Jackson, Mississippi — September 19, 2017 — BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, is expanding in Water Valley. The $20 million corporate investment is expected to create approximately 75 jobs over the next two years. "BorgWarner's Water Valley location has.

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BorgWarner Inc, based in Auburn Hills, Michigan, has announced the sale of its Water Valley, Mississippi facility to Atar Capital. The sale forms part of BorgWarner's accelerated electrification strategy titled Project Charging Forward which the firm announced in March 2021.

AUBURN HILLS, Mich., Jan. 5, 2022 /PRNewswire/ -- BorgWarner Inc. ("BorgWarner") has sold its Water Valley, Mississippi facility to Atar Capital. The sale is consistent with Project Charging.

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WATER VALLEY, Miss. (WTVA) - A major employer in Yalobusha County now has a new owner. Borgwarner announced Wednesday morning it sold its plant in Water Valley to a private investment firm. The automotive supplier said the deal was part of an effort by the company to move more toward electric vehicles. The plant's new owner is Atar Capital.

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The divestiture of the Water Valley, Mississippi business will decrease year-over-year sales by approximately $177 million. Operating margin is expected to be in the range of 8.7% to 9.4%. Beginning in 2022, the Company is updating its definition of adjusted operating income and adjusted operating margin to add back intangible asset.

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A press release from the company said that the Water Valley sale encompasses the manufacturing facility and the associated solenoid, transmission control module and stop/start accumulator system business located there. Full-year sales of the Water Valley business for 2021 are expected to be approximately $ 180 million.

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Auburn Hills, Michigan, January 5, 2022 - BorgWarner Inc. ("BorgWarner") has sold its Water Valley, Mississippi facility to Atar Capital. The sale is consistent with Project Charging Forward, BorgWarner's accelerated electrification strategy which the Company announced in March 2021. Outlined in this strategy is a target to dispose of.

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January 6, 2022. BorgWarner Inc. announced the sale of its Water Valley, Mississippi, facility to Atar Capital. The sale is consistent with "Project Charging Forward," BorgWarner's.