BorgWarner Acquires Wahler, Terms Not Disclosed

(RTTNews) - BorgWarner Inc. (BWA) Tuesday agreed to acquire all shares in Gustav Wahler GmbH u. Co. KG and its general partner ("Wahler"), a producer of exhaust gas recirculation (EGR) valves, EGR tubes and thermostats. The financial terms of the deal were not disclosed.

With locations in Germany, Brazil, the U.S., China and Slovakia, Wahler employs about 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 nearly $350 million.

The deal is expected to close in the first quarter of 2014 subject to standard regulatory approvals.

Auburn Hills, Michigan-based BorgWarner is a technology leader in highly engineered components and systems for powertrain applications.