Hengeler Mueller advises BorgWarner on takeover of Gustav Wahler GmbH & Co. KG

19. December 2013

BorgWarner, a US-based worldwide supplier of motor vehicle parts and systems, announced that is has signed an agreement 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 transaction is expected to close in the first quarter of 2014 subject to standard regulatory approvals.

With locations in Germany, Brazil, the U.S., China and Slovakia, Wahler employs approximately 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 approximately USD 350 m.

Hengeler Mueller is advising BorgWarner on the transaction. The Hengeler Mueller team includes partners Joachim Rosengarten, Frank Burmeister (both M&A), Stefanie Beinert (Tax) (all Frankfurt), Alf-Henrik Bischke (Merger Control/Competition), Thomas Schmidt-Kötters (Regulatory) and Wolfgang Kellenter (IP) as well as counsel Andrea Schlaffge (IP) (all Düsseldorf) and associates Frederik Gärtner, Michael Born, Lars Voigt, Christian Häußer, Matthias Löhle, Abhijit Narayan (all Frankfurt), Carsten Wettich, Eva Frankenberger, Vera Jungkind, Marcel Nuys and Fabrice Witzke (all

Düsseldorf).

Hengeler Mueller has been advising BorgWarner for many years and recently also worked on the sale of the business division Tire Pressure Monitoring System to Huf Group and on the sale of BERU’s Spark Plug business to Federal Mogul Corporation.