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Slide #48. BorgWarner — Wahler
Acquirer:
BorgWarner (NYSE:BWA)
Acquiree:
Wahler
Details:
BorgWarner announced today 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. 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 $350 million.
BorgWarner is a holding company. Through its subsidiaries, Co. provides technology solutions for combustion, hybrid and electric vehicles. Co.'s segments are: The Air Management, which develops and manufactures products to improve fuel economy, reduce emissions and improve performance; e-Propulsion and Drivetrain, which develops and manufactures products to improve fuel economy, reduce emissions and improve performance in combustion, hybrid and electric vehicles; Fuel Injection, which includes gasoline and diesel fuel injection components and systems; and Aftermarket, which sells products and services to independent aftermarket customers and original equipment service customers.
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Buy (3.22 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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