RBC Bearings to acquire ABB's DODGE mechanical power transmission business

RBC Bearings Incorporated has entered into a definitive agreement to acquire the DODGE mechanical power transmission division of ABB for $2.9 billion in cash, doubling RBC's revenue and EBITDA scale.

“Transaction creates a leading manufacturer with strong brand recognition for premium performance critical bearing and motion control products sold to both OEMs and the industrial aftermarket doubling ROLL's revenue and EBITDA scale.”businesswire.com

• 3 sources
• businesswire.comRBC Bearings Announces Agreement to Acquire ABB’s DODGE Mechanical Power Transmission BusinessRBC BearingsJul 26, 2021
• just-auto.comRBC Bearings to acquire ABB’s Dodge mechanical power transmission business - Just AutoSimon WarburtonJul 28, 2021
• powertransmission.comRBC Bearings Set to Purchase ABB DodgeAug 9, 2021

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