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BWA BorgWarner Inc

37.435
-0.185 (-0.49%)
Last Updated: 19:18:37
Delayed by 15 minutes
Share Name Share Symbol Market Type
BorgWarner Inc NYSE:BWA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.185 -0.49% 37.435 38.225 37.31 38.00 867,318 19:18:37

BorgWarner Completes Acquisition Of Remy International

10/11/2015 9:30pm

PR Newswire (US)


BorgWarner (NYSE:BWA)
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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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/borgwarner-completes-acquisition-of-remy-international-300175941.html

SOURCE BorgWarner Inc.

Copyright 2015 PR Newswire

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