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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

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.