Danish remanufacturing company BORG Automotive has acquired Spanish turbocharger company TMI (Turbo Motor Inyeccion). Terms of the deal have not been disclosed.

TMI remanufacturing cell

TMI occupies about 135 employees and is one of the larger European companies remanufacturing automotive turbochargers.


CEO Kim Kruse Andersen of BORG Automotive said:  “We have a clear and ambitious growth strategy relying on both organic growth and acquisitions, and we have over the past few years worked on several specific acquisition cases. By acquiring TMI, we now take the first big step in this strategy. TMI is a healthy and well-run family-owned business”.

The acquisition is expected to be completed during the fourth quarter of 2020. After the acquisition, the combined firm will employ 1,500 people and have production sites in Poland, UK and Spain as well as sales offices in Denmark and Belgium.

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

Leamoco and M1 acquired by AAG

Former IFA and Groupauto member

Read More

In Pictures: It’s a wrap for Fleet Factors

TMD branding on Teeside-based chain’s vehicles

Read More

DVLA ‘ghost records’ highlight EU driving licence loophole

Licence holders that do not update details are causing a headache for insurers

Read More

Over half of garages preparing to increase prices

Survey shos increasing parts prices, coupled with cost of living, is bringing workshops to increase rates

Read More

GSF Car Parts looks ‘Beyond Tomorrow’ with national staff conference

First all-hands meeting since November rebrand

Read More

Go to comments

Your email address will not be published. Required fields are marked *