BorgWarner sells thermostat business to Arlington

Ober­bo­hin­gen — US auto­mo­tive supplier Borg­War­ner has signed an agree­ment to sell its ther­mo­stat busi­ness to Arling­ton Indus­tries Group Ltd, inclu­ding produc­tion faci­li­ties at its German site in Ober­boi­hin­gen and in Pira­ci­caba, Brazil. The tran­sac­tion is expec­ted to close in the first quar­ter of 2019, subject to custo­mary closing condi­ti­ons. Henge­ler Muel­ler has regu­larly advi­sed Borg­War­ner for many years, inclu­ding in 2013/2014 on the acqui­si­tion of the exhaust gas recir­cu­la­tion busi­ness (Gustav Wahler GmbH & Co KG), which also included the ther­mo­stat business.

Henge­ler Muel­ler is advi­sing Borg­War­ner on the tran­sac­tion. The part­ners Dr. Frank Burmeis­ter, Dr. Joachim Rosen­gar­ten (both Corporate/M&A, Frank­furt), Dr. Alf-Henrik Bischke (Anti­trust, Düssel­dorf) and Dr. Stefa­nie Beinert (Tax, Frank­furt), the Coun­sel Dr. Stephan Henn­rich (Corporate/M&A, Frank­furt), Dr. Stef­fen C. Hörner (Tax), Dr. Susan Kempe-Müller (Intellec­tual Property/IT) (all Frank­furt) and asso­cia­tes Marika Öry, Arvid Morawe (both Corporate/M&A), Marius Marx (Tax) (all Frank­furt) and Chris­tian Dankerl (Anti­trust, Düsseldorf).