Torque Capital Acquires Remy Aftermarket Light Vehicle Business from BorgWarner
October 31, 2016
Torque Capital's investor group has completed the purchase of the North American and European light vehicle aftermarket business of Remy, Inc. from BorgWarner Inc., acquiring Remy's North American rotating electrical remanufacturing business, the Maval power steering business, and Remy Europe rotator remanufacturing operations. The deal creates a standalone Remy aftermarket business with David Nichols named president of the North American company.
- Buyers
- Torque Capital
- Targets
- Remy Aftermarket (North American and European light vehicle aftermarket business of Remy, Inc.)
- Sellers
- BorgWarner Inc.
- Industry
- Automotive
- Location
- Indiana, United States
- Transaction Type
- Divestiture
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