Seeking Alpha

ABB to sell Baldor assets to Generac

  • ABB (ABB) has agreed to sell the assets of Baldor Electric's generator-set business to Generac Holdings (GNRC) after concluding that the operations provided limited synergies with ABB's core business.
  • ABB bought Baldor for $3.1B in 2011; the unit's generator-set business accounted for around 3% of its total sales.
  • Financial terms of the deal weren't disclosed. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)