# 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.

- Type: Acquisition
- Announced: 2021-07-26
- Where: Greenville, South Carolina, United States
- Value: $2.90B
- Status: announced
- Products: mounted bearings, enclosed gearing, power transmission components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (partner)
- [ABB](https://endata.com/companies/1547.md) (target)
- [RBC Bearings](https://endata.com/companies/13109.md) (acquirer)
- [DODGE](https://endata.com/companies/56678.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210726005198/en/RBC-Bearings-Announces-Agreement-to-Acquire-ABBs-DODGE-Mechanical-Power-Transmission-Business), 2021-07-26: "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."
- [just-auto.com](https://www.just-auto.com/news/rbc-bearings-to-acquire-abbs-dodge-mechanical-power-transmission-business/), 2021-07-28: "We are very pleased to announce the execution of an agreement between ABB and RBC Bearings to acquire Dodge."
- [powertransmission.com](https://www.powertransmission.com/rbc-bearings-set-to-purchase-abb-dodge), 2021-08-09: "RBC Bearings Incorporated has announced that it has entered into a definitive agreement to acquire the Dodge mechanical power transmission division of ABB for $2.9 billion in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.