Clearwater acted as sole financial adviser to BorgWarner Inc. on selling BERU Electronics GmbH to Huf Electronics, a wholly-owned subsidiary of Huf Hülsbeck & Fürst GmbH & Co. KG.
Located in Bretten, Germany, BERU Electronics is one of only five globally acknowledged producers of OE-level direct tire pressure monitoring systems (“TPMS”) for both automotive and commercial vehicle applications. BERU Electronics is a leader in the development, design and manufacture of TPMS, serving leading vehicle manufacturers including BMW, Volkswagen, Porsche and Daimler Truck.
