Divestiture Nov 2023 · Milwaukee, WI Verified
Regal Rexnord Agrees to Sell Industrial Motors & Generators Businesses for $400 Million
Regal Rexnord reached an agreement to sell its Industrial Motors and Generators businesses for $400 million. The transaction is expected to be mix accretive to enterprise gross and adjusted EBITDA margins by over 100 basis points and provide proceeds to accelerate debt paydown.
“Reached An Agreement To Sell Our Industrial Motors & Generators Businesses For $400 Million”
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Other Sentiment: Positive
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