Acquisition of Emerson’s Power Transmission Biz Expected To Be ‘Transformational’ for Regal Beloit

According to Mark Gliebe, Chairman and CEO of Regal Beloit Corp. (Regal), its planned acquisition of Emerson’s massive Power Transmission Solutions (PTS) business will be “transformational” for his company. Terms of a definitive agreement that the two parties entered into earlier this week call for Regal to pay approximately $1.4 billion to Emerson for PTS.

Commenting on the deal, Gliebe noted the ability of PTS to help broaden Regal’s portfolio, diversify its end-market exposure and strengthen its global footprint. “PTS brings complementary products and well-known brands, but more importantly, a very talented team who are experts in their markets, as well as very strong operators,” he said. “We are excited to have PTS as part of the Regal family, and we look forward to growing with them in our future.”

Currently part of Emerson’s Industrial Automation segment, PTS reported over $600 million in revenue for 2014. Headquartered in Florence, KY, it employs more than 3000 people around the world. The business designs, manufacturers and supplies supporting services and solutions for couplings, bearings, gearing, conveying and drive components under brands that include Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, Sealmaster and System Plast.

PTS will become part of Regal’s newly defined Power Transmission segment. The transaction is expected to close in the first quarter of 2015.

About Regal Beloit Corporation
Regal Beloit is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Headquartered in Beloit, WI, it maintains manufacturing, sales and service facilities throughout the U.S., Canada, Mexico, Europe and Asia.