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

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.