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Announced

Completed

RBC Bearings completed the acquisition of DODGE Mechanical Power Transmission unit from ABB for $2.9bn.

Financials

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Transaction Value£2,107m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4.7x
EV/EBITDA16.7x
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

mounted bearings

Majority

Friendly

Auto Parts

Acquisition

United States

Private

Cross Border

Completed

Synopsis

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RBC Bearings, an international manufacturer of precision bearings and components, completed the acquisition of DODGE Mechanical Power Transmission unit from ABB, a robotics company, for $2.9bn. "The combination will enhance RBC Bearings’ capabilities, footprint, and customer base while increasing our access to DODGE’s attractive end markets. Our businesses are highly complementary, with DODGE bringing new offerings, new end markets, and more scale to the combined organization. The combined company will have an attractive position in the Aerospace, Defense and Industrial markets with a diversified client base and expansive geographic footprint. We look forward to welcoming DODGE’s talented team to RBC Bearings," Dr. Michael J. Hartnett, RBC Chairman, President and CEO.

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