RBC Bearings Completes Financing to Support Pending Acquisition of ABB Dodge Mechanical Power Transmission Business
October 7, 2021
RBC Bearings Incorporated completed equity and debt offerings used to finance its pending acquisition of ABB Asea Brown Boveri Ltd.’s Dodge Mechanical Power Transmission Business. The company and ABB had satisfied regulatory requirements and expected to close the Dodge acquisition later in 2021, subject to customary closing conditions.
- Buyers
- RBC Bearings Incorporated
- Targets
- Dodge Mechanical Power Transmission Business (ABB Asea Brown Boveri Ltd.)
- Sellers
- ABB Asea Brown Boveri Ltd.
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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