Rbc Bearings Incorporated Completes Acquisition Of Abb’S Dodge Mechanical Power Transmission Business
Acquiring Company
RBC Bearings Incorporated
Acquired Company
ABB
Connecticut
ZurichManufacturingManufacturingInformation TechnologyRoboticsIndustrial AutomationDescription
RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer and marketer of highly engineered precision bearings and products for the industrial, defense and aerospace industries, announced today that it has completed its previously announced acquisition of the DODGE mechanical power transmission division of Asea Brown Boveri Ltd for approximately $2.9 billion in cash subject to post closing working capital adjustments.
Quick answer
RBC Bearings Incorporated is acquiring ABB, announced November 1, 2021. RBC Bearings Incorporated is based in Connecticut, United States.
- How much did RBC Bearings Incorporated pay for ABB?
- The deal value was not disclosed.
- What does RBC Bearings Incorporated do?
- RBC Bearings Incorporated is a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries.
- Where are RBC Bearings Incorporated and ABB based?
- RBC Bearings Incorporated is based in Connecticut, United States. ABB is based in Zurich, Zurich, Switzerland.
- Who are the decision-makers at RBC Bearings Incorporated?
- Fundz holds 5 contacts at RBC Bearings Incorporated. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at RBC Bearings Incorporated, and when
When RBC Bearings Incorporated changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day RBC Bearings Incorporated raises, hires an executive or expands, scored against what you sell
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Related People
Frequently asked
Who acquired ABB?
ABB was acquired by RBC Bearings Incorporated, based in Connecticut. The deal was reported on November 1, 2021. RBC Bearings Incorporated is a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. RBC Bearings Incorporated is publicly traded (RBC) and operates in Manufacturing.
When did RBC Bearings Incorporated acquire ABB?
RBC Bearings Incorporated's acquisition of ABB was reported on November 1, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ABB do?
ABB Ltd is an electrification and automation technology company headquartered in Zurich, Switzerland. It is publicly traded (ABBNY), operating in Manufacturing, and is based in Zurich.
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