Delco Remy Acquires Auto Matic Transmission in Denmark

    ANDERSON, Ind., May 4 Delco Remy International, Inc., has
acquired Auto Matic Transmission (AMT), the Scandinavian automatic
transmission remanufacturer, based at Copenhagen, Denmark.

    AMT remanufactures automatic transmissions for both automobiles  and
commercial vehicles for the Scandinavian independent  aftermarket, OE import
and local dealers as well as the Danish state railways.  AMT is specialized in
Heavy Duty on and off road applications, and also provides a broad range of
automotive applications for the European Light Duty aftermarket.

Additionally, the company has developed an in-depth knowledge base for
European designed and manufactured automatic transmissions.

    AMT provides DRI with a European presence in the growing automatic
transmission remanufacturing market, complementing the North American presence
and product offerings of DRI-Williams, with whom AMT has a long-standing
relationship.

    Hans Beyer Clausen, who continues as the general manager of AMT, founded
the company 25 years ago and has built a strong reputation for the quality and
technical expertise of his remanufacturing operation. He also developed a
state of the art retail repair outlet for automatic transmissions at
Copenhagen, Mr. Transmission, managed by his wife, Wivi Ovdal Clausen.

    Hans Beyer Clausen stated,  "We are pleased to be part of the DRI group
and are excited about the new opportunities offered by extending our markets
to DRI's customer base."

    The Delco Remy Europe Managing Director, Patrick C. Mobouck, said, "This
acquisition strategically positions us into one of the fastest growing
automotive remanufacturing markets. It accomplishes another milestone in our
strategy to be the leading remanufacturer of automotive components."