Rexnord

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.

AURELIUS Equity Opportunities will acquire VAG, a valve maker for water, wastewater, dams, power stations and energy, from US-based Rexnord. AURELIUS plans to separate VAG and expand its biggest facility in the Czech Republic.

AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.