BorgWarner Buys German Supplier

BorgWarner Inc. has agreed to pay an undisclosed sum to acquire Germany's Gustav Wahler GmbH, a maker of exhaust gas recirculation valves, thermostats and other components.

Wahler supplies BMW, Daimler, General Motors and John Deere with about $350 million worth of parts per year.

BorgWarner says the acquisition will enhance its presence in Europe and strengthen the company's expertise in EGR technology, which helps reduce exhaust emissions and improve fuel economy.