RBC Bearings near deal to buy ABB's transmission unit -Bloomberg News

Reuters2021-07-26

July 26 (Reuters) - RBC Bearings Inc is in advanced talks to buy the power transmission unit of Swiss industrial giant ABB Ltd , Bloomberg reported on Sunday.

The report comes days after ABB's Chief Executive Bjorn Rosengren said an announcement on the sale of the unit, known as Dodge, would be made in the next few weeks.

Dodge is valued at between $2.5 billion and $3 billion and a deal between the ABB and Oxford, Connecticut-based RBC Bearings could be reached as soon as this week, Bloomberg reported citing people familiar with the matter.

ABB declined to comment to Reuters on Monday. RBC Bearings did not immediately respond to a Reuters request for comment.

Dodge makes products including bearings used in industrial food processing operations and belted drives for conveyors in giant coal mines. ABB announced it was exiting the business last year.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
1