Regal Beloit to acquire Nicotra Gebhardt fan and blower maker for $154M

Regal Beloit agreed to acquire Italy's Nicotra Gebhardt S.p.A., a fan and blower manufacturer with about $150 million in annual revenue, for approximately 125 million euros or $154 million, with closing expected by the end of Q2 2018.

“Regal Beloit Corp. (RBC) said that it agreed to acquire Nicotra Gebhardt S.p.A. or NG for approximately 125 million euros or $154 million.”rttnews.com

• 2 sources
• rttnews.comRegal Beloit To Buy Nicotra Gebhardt For About $154 MlnFeb 28, 2018
• coolingpost.comNicotra Gebhardt bought by US motor firm - Cooling PostMar 2, 2018

Summarized from public sources; check the original articles before acting on it.