Diverter valve for charge air system

A diverter valve (32) is disclosed for use with a charge air system (10). The diverter valve may have a plurality of first inlets (46) configured to receive a flow of warmed air, a plurality of second inlets (48) configured to receive a flow of cooled air, and a single outlet (52). The diverter valve may also have a single valve element (38) movable to any position between a first position at which the plurality of first inlets are fluidly connected to the single outlet and the plurality of second inlets are blocked from the single outlet, and a second position at which the plurality of second inlets are fluidly connected to the single outlet and the plurality of first inlets are blocked from the single outlet.