Hengeler Mueller advises BorgWarner on sale of thermostat business to Arlington
08. January 2019
US-based automotive supplier BorgWarner has agreed to sell its thermostat business to Arlington Industries Group Ltd. The sale includes manufacturing facilities in Oberboihingen, Germany, and Piracicaba, Brazil. Completion of the transaction is expected in the first quarter of 2019, subject to the satisfaction of customary closing conditions. Hengeler Mueller has been advising BorgWarner on a regular basis for several years, including in the acquisition of the exhaust gas recirculation valve business (Gustav Wahler GmbH & Co KG) in 2013/2014 which comprised the thermostat business.
Hengeler Mueller advises BorgWarner on the transaction. The Hengeler Mueller team includes partners Frank Burmeister and Joachim Rosengarten (both Corporate/M&A, Frankfurt), Alf-Henrik Bischke (Antitrust, Düsseldorf) and Stefanie Beinert (Tax, Frankfurt), counsel Stephan Hennrich (Corporate/M&A, Frankfurt), Steffen C. Hörner (Tax) and Susan Kempe-Müller (IP/IT) (all Frankfurt) as well as associates Marika Öry, Arvid Morawe (both Corporate/M&A), Marius Marx (Tax) (all Frankfurt) and Christian Dankerl (Antitrust, Düsseldorf).