M&A Deal Summary

BorgWarner Acquires Remy International

On July 13, 2015, BorgWarner acquired automotive company Remy International for 1.2B USD

Acquisition Highlights
  • This is BorgWarner’s 6th transaction in the Automotive sector.
  • This is BorgWarner’s 2nd largest (disclosed) transaction.
  • This is BorgWarner’s 2nd transaction in the United States.
  • This is BorgWarner’s 1st transaction in Indiana.

M&A Deal Summary
Date 2015-07-13
Target Remy International
Sector Automotive
Buyer(s) BorgWarner
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) UBS Investment Bank (Financial)
Sullivan & Cromwell (Legal)

Target

Remy International

Pendleton, Indiana, United States
website
Remy International, Inc. is a manufacturer, remanufacturer, and distributor of alternators, starter motors, and electric traction motors for the automotive and commercial vehicle industry marketed under the Remy® and Delco Remy® brands.

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Buyer(S) 1

Buyer

BorgWarner

Auburn Hills, Michigan, United States

website

Category Company
Founded 1987
Sector Automotive
Employees52,700
Revenue 15.8B USD (2022)
DESCRIPTION
BorgWarner's corporate headquarters in Auburn Hills, Michigan.
BorgWarner's corporate headquarters in Auburn Hills, Michigan.

BorgWarner is a global supplier of highly engineered automotive systems and components primarily for powertrain applications. The Company's products help improve vehicle performance, fuel efficiency, stability and air quality. These products are manufactured and sold worldwide, primarily to original equipment manufacturers of light vehicles, vans and light trucks. The Company's products are also sold to other OEMs of commercial vehicles and off-highway vehicles. BorgWarner also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an original equipment supplier to every major automotive OEM in the world. BorgWarner was founded in 1987 and is based in Auburn Hills, Michigan.

DEAL STATS #
Overall 6 of 17
Sector (Automotive) 6 of 9
Type (Add-on Acquisition) 5 of 13
State (Indiana) 1 of 1
Country (United States) 2 of 5
Year (2015) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Wahler

Esslingen, Germany

Gustav Wahler GmbH u. Co. KG is a producer of exhaust gas recirculation (EGR) valves, EGR tubes and thermostats. With locations in Germany, Brazil, the U.S., China and Slovakia, Wahler employs approximately 1,250 people and supplies customers such as Daimler, Volkswagen, BMW, GM and John Deere.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 BorgWarner - REMY Light Vehicle Aftermarket Business

Auburn Hill, Michigan, United States

BorgWarner's REMY Light Vehicle Aftermarket Business is a provider of automotive products and services.

Sell $80M
Mergr

Product

Company

Legal