BorgWarner Acquires Dytech ENSA
BorgWarner Expands Emissions Portfolio with Exhaust Gas Recirculation (EGR) Cooler Business
AUBURN HILLS, Mich., April 9 /PRNewswire-FirstCall/ -- Global powertrain supplier BorgWarner (NYSE: BWA) has acquired Dytech ENSA SL, a producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules including valves for automotive and commercial vehicle applications, both on- and off-road. With locations in Spain, Portugal and India, Dytech ENSA employs approximately 1,000 people and supplies customers such as Renault/Nissan, VW/Audi, Ford, Fiat, Navistar, GM, Daimler, PSA, Suzuki, Mahindra & Mahindra, TATA, Ashok Leyland, MAN, and IVECO. Dytech ENSA's annual sales for 2009 were approximately $180 million. Terms were not disclosed.
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"From both a technology and geography standpoint, this acquisition is an excellent strategic fit," said Timothy M. Manganello, Chairman and Chief Executive Officer, BorgWarner. "Combining ENSA's cooler technology with BorgWarner's technology leadership in engine air management and products such as turbochargers and EGR valves will provide operational and engineering synergies. Similarly, the acquisition creates additional market opportunities in both passenger and commercial vehicle applications, and enhances BorgWarner's ability to serve customers globally."
Cooled EGR helps reduce NOx and particulate matter emissions in diesel and gasoline-direct injection (GDI) engines. The combination of ENSA's EGR cooler technology with BorgWarner's EGR valve and controls expertise will allow BorgWarner to offer customers complete system solutions, such as an integrated EGR valve, cooler, by-pass valve, and tubes, in one package. The acquisition strengthens BorgWarner's strategic position to address the technology challenges of optimizing the air and exhaust system for lower emissions, improved fuel economy and performance.
Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The FORTUNE 500 company operates manufacturing and technical facilities in 59 locations in 18 countries. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. The Internet address for BorgWarner is: http://www.borgwarner.com.
A cooler module with integrated bypass valve helps reduce NOx and particulate matter emissions in a 1.5L diesel engine meeting European Euro V emission standards.
Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current expectations, estimates and projections. Words such as "outlook", "expects," "anticipates," "intends," "plans," "believes," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, and other risks detailed in our filings with the Securities and Exchange Commission, including the Risk Factors, identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update any forward-looking statements.
SOURCE BorgWarner Inc.
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