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ABB to divest Mechanical Power Transmission division to RBC Bearings for $2.9 billion

27 Jul 2021 Evaluate

ABB has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the end of the year 2021, subject to customary closing conditions, including regulatory review.

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.

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