ABB completes divestment of Mechanical Power Transmission division

By OEM Update Editorial November 8, 2021 1:53 pm

ABB has completed the divestment of its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated, for $2.9 billion in cash.

With the divestment, ABB has completed the first of the three previously announced exits from divisions. It is an important milestone in ABB’s strategy of active portfolio management and further strengthens its balance sheet.

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