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Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.
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.
