Loading…

WEG S.A. announced the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, including the Marathon, Cemp, and Rotor brands, for $400 million. The deal includes 10 factories in seven countries and about 2,800 employees.
“The acquisition value is $400.0 million, subject to common price adjustments for this type of transaction.”weg.net
Summarized from public sources; check the original articles before acting on it.