Regal-Beloit to acquire GE's commercial AC motor business

Regal-Beloit Corp. signed a definitive agreement to acquire General Electric's commercial AC motor business, a carve-out of GE's motor operations serving HVAC and other applications, expected to close in September pending regulatory clearance.

“Regal-Beloit Corp. and the General Electric Co. announced that they have signed a definitive agreement for Regal-Beloit to acquire GE's commercial AC motor business. The transaction is expected to close in September, following the completion of customary regulatory clearance.”

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