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ABB completes divestment of mechanical power transmission division to RBC Bearings

03 Nov 2021 Evaluate

ABB has completed divestment of mechanical power transmission division (Dodge) to RBC Bearings for $ 2.9 billion in cash. With the divestment, ABB has completed the first of the three previously announced exits from divisions.

It is an important milestone in ABB’s strategy of active portfolio management and further strengthens its balance sheet.

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

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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