BORGWARNER ACQUIRES WAHLER

BORGWARNER COMPLETES ACQUISITION
OF GUSTAV WAHLER GMBH & CO. KG   

 

BorgWarner Expands Product Leadership in
Exhaust Gas Recirculation Technologies

 

Auburn Hills, Michigan, April 1, 2014 – 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.

 

About BorgWarner

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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Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,” “expects,” “forecasts,” “goal,” “initiative,” “intends,” “outlook,” “plans,”  “potential,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “would,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements.  Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

 

 

 

For decades, Wahler has focused on the temperature and exhaust gas management for internal combustion engines. The ongoing improvement in the performance of automotive powerplants goes hand in hand with innovative developments by Wahler in the areas of thermostats, exhaust gas recirculation systems (EGR), as well as pipes and hoses.
Characteristic of the way we work is the intensive exchange of knowledge and ideas with our customers during all product development phases. We meet customer requirements by applying straightforward, time-saving problem-solving methods.
At Wahler, our constant goal is to translate experience and innovative power into fresh product ideas that provide our customers with appreciable added value.