Oct. 8, 2013, 3:10 AM
- 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)
Dec. 10, 2012, 11:48 AM
Generac Holdings (GNRC -0.9%) gives back early gains and slips into negative territory after announcing it's completed its acquisition of Ottomotores UK Limited and its affiliates, which includes the operations of Ottomotores Mexico and Ottomotores Brazil, for $46.5M in cash.| Dec. 10, 2012, 11:48 AM | 5 Comments