BorgWarner Completes Acquisition of Gustav Wahler GmbH & Co. KG BorgWarner Expands Product Leadership in Exhaust Gas Recirculation Technologies
AUBURN HILLS, Mich., April 1, 2014 /PRNewswire/ -- Global powertrain supplier BorgWarner finalized its acquisition of Gustav Wahler GmbH & Co. KG. A producer of exhaust gas recirculation (EGR) valves and tubes as well as engine thermostats for both on- and off-road applications, Wahler's customers include leading automotive manufacturers from around the world.
"The addition of Wahler complements our current EGR valve, cooler and tube technologies while expanding BorgWarner's product portfolio to include thermostats. With its global locations, the acquisition strengthens our product leadership position and enhances our ability to offer customers advanced technologies with localized manufacturing," said James R. Verrier, President and Chief Executive Officer, BorgWarner. "As emissions regulations become more stringent and drivers require more fuel economy, demand for EGR technologies is expected to continue to grow. BorgWarner is positioned to deliver."
BorgWarner announced the acquisition of all shares in Wahler on December 20, 2013, and completed the acquisition on March 1, 2014. Events to welcome Wahler's 1,200 employees in Germany, China, Brazil and the United States began the same week. Wahler will join the BorgWarner Emissions Systems business. BorgWarner will maintain the Wahler name as a product brand in the aftermarket.
BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for powertrains around the world. Operating manufacturing and technical facilities in 60 locations in 19 countries, the company delivers innovative powertrain solutions to improve fuel economy, reduce emissions and enhance performance. For more information, please visit borgwarner.com.
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SOURCE BorgWarner Inc.