BorgWarner strikes new deal
AUBURN Hills, Mich. – BorgWarner announced that it has signed an agreement to acquire all shares in Gustav Wahler GmbH u. Co. KG and its general partner (“Wahler”), a producer of exhaust gas recirculation valves, EGR tubes, and thermostats.
With locations in Germany, Brazil, the U.S., China and Slovakia, Wahler employs approximately 1,250 people and supplies customers such as Daimler, Volkswagen, BMW, GM, and John Deere. Wahler’s annual sales for 2013 are expected to be approximately $350 million.
The deal is expected to close in the first quarter of 2014 subject to standard regulatory approvals. The terms of the deal were not disclosed.
Wahler’s industry-leading thermostat technology, designed to optimize engine temperatures for better fuel economy and reduced emissions, enhances BorgWarner’s capabilities in thermal management.
BorgWarner operates a plant in Dixon.