WEG completes acquisition of Regal Rexnord's industrial motors and generators business

WEG S.A. completed the acquisition of the industrial electric motors and generators businesses of Regal Rexnord Corporation, including the Marathon, Cemp, and Rotor brands, for US$400 million. The deal includes about 2,800 employees and 10 factories across seven countries.

“WEG S.A. announced that through its indirect subsidiaries abroad it entered into a definitive agreement to acquire the industrial electric motors and generators businesses of Regal Rexnord Corporation, for total consideration of US $400 million.”torys.com

• 5 sources
• torys.comWEG acquires industrial electric motors and generators business from Regal Rexnord | | Torys LLPApr 30, 2024
• stocktitan.netRegal Rexnord Corporation Closes The Sale Of Its Industrial Motors & Generators Business To WEG | RRX Stock NewsRegal Rexnord CorporationApr 30, 2024
• marketscreener.comWEG S A : closes the acquisition of the industrial electric motors and generators businesses from Regal RexnordPublicnowApr 30, 2024
• oemoffhighway.comRegal Rexnord Corporation Closes Sale of Industrial Motors & Generators Business to WEG | OEM Off-HighwayKathy WellsApr 30, 2024

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