BorgWarner to acquire Remy International
BorgWarner has entered into a definitive agreement to acquire Remy International, Inc. (Remy), a global producer of rotating electrical components. With key technologies and operations in ten countries on five different continents, Remy is strongly positioned to benefit from global growth. As of December 31, 2014 the company employed 6,600 people and, for the fiscal year, it generated sales of $1.2 billion.