Arlington Industries Group Ltd agreed to acquire Thermostat business of BorgWarner Inc. for approximately €24 million.
January 03, 2019
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Arlington Industries Group Ltd agreed to acquire Thermostat business of BorgWarner Inc. (NYSE:BWA) for approximately €24 million on January 4, 2019. Transaction is expected to close in the first quarter of 2019 and is subject to customary closing conditions. William Yavinsky, Lu Zhou, Sandor Bekesi, Xiaobei Zhang, Mo Chen, Polly Sims, Cameron Robinson and Akos Kovach of Hogan Lovells acted as legal advisors to Cartesian Capital Group and its portfolio company Arlington Industries. Burmeister Frank ,Rosengarten Joachim, Bischke Alf-Henrik, Beinert Stefanie, Hennrich Stephan, Hörner, Steffen C. and Kempe–Müller Susan of Hengeler Mueller acted as legal advisor to BorgWarner Inc. Alasdair Outhwaite, Mathias Reif, Boris Kroepsky, Marcus Kissel, Daisy Walzel, Andreas Panzer, Katy Philips, Christine von Hauch, Roman Kies and Christian Hannemann of DWF acted as legal advisors to Arlington Industries Group Ltd.
BorgWarner Inc. specializes in the design, manufacturing, and marketing of automotive equipment. Net sales break down by family of products as follows:
- air management products (54.6%): turbochargers, timing systems, emissions systems, thermal systems, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery heaters and battery charging products;
- e-propulsion & drivetrain products (30.3%): rotating electrical components, power electronics, control modules, software, friction and mechanical products for automatic transmissions and torque management products;
- gasoline and diesel fuel injection components and systems (15.1%): pumps, injectors, fuel rail assemblies, and complete systems.
At the end of 2023, the group had 79 production and assembly sites worldwide.
Net sales are distributed geographically as follows: the United States (16.4%), Germany (11.8%), Poland (7.9%), Hungary (6.4%), Europe (9.8%), China (21.1%), Mexico (12.4%), South Korea (8.2%) and other (6%).
BORGWARNER INC. 
