Divestiture Apr 2024 Verified
Regal Rexnord Divests Industrial Motors and Generators Businesses
Regal Rexnord completed the sale of its industrial motors and generators businesses, which comprised a majority of the former Industrial Systems operating segment, effective April 30, 2024. The divestiture is noted in the context of excluding 2023 results for comparison.
“Excludes 2023 results of the Industrial Systems operating segment, as the industrial motors and generators businesses that comprised a majority of this operating segment were divested effective April 30, 2024.”
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ElectricalHVAC Sentiment: Neutral
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