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).