Remy International Inc., the parent company of Remy Automotive UK Ltd, has announced that its common shares are now listed on The NASDAQ Stock Market LLC, the second largest stock market exchange in the world.
Founded by the Remy Brothers in 1896, Remy International, Inc. is a leading global manufacturer and remanufacturer of alternators, starter motors and electric traction motors. It is headquartered in Pendleton, Indiana, with global operations across five continents and 10 countries.
President and CEO John Weber – along with the company’s executive team – celebrated the company’s trading on NASDAQ by ringing the ceremonial opening bell.
“This is an exciting milestone for all of us at Remy,” said Weber, “and a significant event for our customers, investors, and partners. Becoming a publicly-traded company will accelerate growing the business.”
“The NASDAQ listing is great news for our UK business”, says Michael Flensborg, Sales & Marketing Director of Remy Automotive UK Ltd. “The confidence which our investors have in us will enable us to continue to grow our market shares not only in the UK but worldwide.”