je.st
news
UPDATE 1-Emerson to sell power transmission business to Regal Beloit
2014-12-16 06:05:00| Industrial Machines - Topix.net
Emerson Electric Co said it would sell its power transmission unit to Regal Beloit Corp, a maker of electric motors, for $1.44 billion as it streamlines its business. Regal Beloit was competing with ball bearings maker Timken Co, brake and clutch maker Altra Industrial Motion and private equity firms Warburg Pincus LLC and Onex Corp for the business.
Tags: business
power
sell
update
Category:Industrial Goods and Services
Latest from this category |
All news |
||||||||||||||||||||
|
|
||||||||||||||||||||