Hengeler Mueller advises BorgWarner on sale of BERU’s spark plug business to Federal-Mogul Corporation
03. July 2012
On 2 July 2012, BorgWarner Inc. has announced to sell BERU’s spark plug business at manufacturing facilities in Neuhaus (Germany) and Chazelles (France) to Federal-Mogul Corporation. The closing of the transaction is still subject to approval by relevant competition authorities.
BorgWarner Inc. is a global technology leader in highly engineered components and systems for power train applications worldwide.
Federal-Mogul Corporation is a leading global supplier of power train and safety technology and innovation to improve fuel economy, reduce emissions and enhance vehicle safety.
Hengeler Mueller advises BorgWarner Inc. on this transaction. The Hengeler Mueller team includes partners Joachim Rosengarten and Frank Burmeister (both Corporate/M&A, Frankfurt), Alf-Henrik Bischke (Competition, Brussels), Stefanie Beinert (Tax, Frankfurt) and Thomas Schmidt-Kötters (Environment, Düsseldorf) as well as associates Sven Greulich, Robert Stiefelhagen (both Düsseldorf), Annika Clauss, Christoph Trautrims (both Frankfurt) (all Corporate/M&A) and Enno Ahlenstiel (Competition, Düsseldorf).
Hengeler Mueller is providing legal advice including M&A transactions to BorgWarner for several years, most recently on the sale of business division Tire Pressure Monitoring Systems to Huf Hülsbeck & Fürst.