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BorgWarner Forms Cascadia Motion - Acquires RMS & AM Racing

BorgWarner has acquired two Oregon-based EV powertrain businesses. BorgWarner formed Cascadia Motion LLC to acquire assets and merge the operations of the companies – Rinehart Motion Systems LLC and AM Racing Inc. Cascadia Motion will explore the wide variety of electric and hybrid propulsion solutions for niche and emerging applications. "Rinehart Motion Systems and AM Racing are two established companies in the speciality electric and hybrid propulsion sector," said Hakan Yilmaz, Chief Technology Officer at BorgWarner. "Bringing them together as Cascadia Motion will allow us to offer design, development and production of full electric and hybrid propulsion systems for niche and low-volume manufacturing applications." BorgWarner have progressively acquired a portfolio of electric powertrain businesses including Remy in 2015 for $950 million and Sevcon in 2017 for $200 million. Cascadia Motion will leverage the proficiencies of both companies into a start-up atmosphere designed to incubate new technologies. Rinehart Motion Systems brings expertise in propulsion inverters and controls for electric and hybrid electric vehicles in professional motorsports, motorcycles, specialty road cars, bus, and heavy duty sectors. AM Racing designs and manufactures single- and dual-core electric motors (based on Remy cores) and gearsets used in all these same market segments. The new merged company will expand the company's ability to support a wide variety of customers with small scale projects, specialty products, and low volume manufacturing needs. In addition, BorgWarner's global production facilities can be utilized as Cascadia Motion customers grow to require high-volume production.