Kylie's Test

BorgWarner Inc. (NYSE: BWA) has announced the acquisition of Pendleton-based Remy International Inc. (Nasdaq: REMY). The deal is valued at an estimated $1.2 million. The Michigan-based manufacturer believes the combination will result in at least $15 million in efficiencies over two years.

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BorgWarner Chief Executive Officer James Verrier said the move strengthens the company's position in the "rapidly developing powertrain electrification trend." He said Remy International adds key technology and operations to the company's portfolio. "The acquisition will be another step in executing our plan, to profitably grow revenue to $15 billion by 2020," said Verrier.

Remy has 6,600 employees in 10 countries throughout the world.

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BorgWarner executives believe the merger will help it grow in all segments.

This story will be updated.