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.
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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SOURCE BorgWarner Inc.