AUBURN HILLS, Mich.,
Nov. 10, 2015 /PRNewswire/
-- Global powertrain supplier BorgWarner has finalized its
acquisition of Remy International, Inc. (Remy). A leading
manufacturer of rotating electrical components such as alternators,
starter motors and electric traction motors for the automotive and
commercial vehicle industry, Remy operates in ten countries on five
continents.
"With this acquisition, the complementary combination of
technologies and global operations will strengthen BorgWarner's
product leadership position," said James R.
Verrier, President and Chief Executive Officer, BorgWarner.
"We look forward to welcoming Remy's talented employees to
BorgWarner."
BorgWarner announced an agreement to acquire Remy on
July 13, 2015, and completed the
acquisition on November 10, 2015.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a product leader in highly
engineered components and systems for powertrains around the world.
Operating manufacturing and technical facilities in 57 locations in
18 countries, the company delivers innovative powertrain solutions
to improve fuel economy, reduce emissions and enhance performance.
For more information, please visit borgwarner.com.
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SOURCE BorgWarner Inc.