PRTODAY / NewswireToday Free press release distribution service network

More news: Engineering
Written by / Agency / Source: ABB Robotics / ABB Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ABB Announces Sale of Baldor’s Generator-set Business to Generac Holdings, Inc. - Divestment is in line with ABB’s strategy to continuously optimize portfolio - Generac.com / ABB.com
ABB Announces Sale of Baldor’s Generator-set Business to Generac Holdings, Inc.

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2013/10/08 - Divestment is in line with ABB’s strategy to continuously optimize portfolio - Generac.com / ABB.com. NYSE: ABB

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ABB, the leading power and automation company, today announced it has signed an agreement to sell all assets of Baldor’s generator-set business to Generac Holdings Inc. (NYSE:GNRC,“Generac”). Generac is a leading producer of generators and other engine-powered products, headquartered in Waukesha, in the US state of Wisconsin. The sale is expected to close in the fourth quarter of 2013. The terms of the transaction were not disclosed.

ABB is divesting the generator-set business because of limited synergies with ABB’s core portfolio and because Generac is in a better position to create additional value from the business. The business was acquired as part of ABB’s acquisition of Baldor Electric in 2011, and accounts for about three percent of Baldor’s total sales. Baldor’s generator-set business produces in its facility in Oshkosh, Wisconsin, a broad line of portable, standby, prime power and peak-shaving generators from 3 2,500 kW in LP, natural gas or diesel for every power requirement.

“The divestment is in line with our strategy to continuously optimize our portfolio and to focus our efforts on driving profitable growth in our core automation and power businesses,” said ABB CEO, Ulrich Spiesshofer. “Overall, the fit between ABB and Baldor is excellent, as we are seeing from the value that has already been created.”

Baldor CEO, Ronald Tucker, added that the transaction would benefit both firms’ employees and customers. “This sale will allow Baldor to focus on industrial electric motors and mechanical power transmission products in line with ABB’s core portfolio, while enabling the generator-set business to become part of a company solely focused on the manufacturing, distribution and sales of these types of products.”

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.

Generac (generac.com) is a leading designer and manufacturer of a wide range of generators and other engine-powered products. As a leader in power equipment serving residential, light commercial, industrial and construction markets, Generac’s power products are available internationally through a broad network of independent dealers, retailers, wholesalers and equipment rental companies.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Engineering Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Engineering articles,
CATCH Visitors via Your Competitors Announcements!


ABB Announces Sale of Baldor’s Generator-set Business to Generac Holdings, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

ABB | Generac
Publisher Contact: Antonio Ligi / Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

Engineering via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ABB Robotics / ABB Ltd / Company Profile


Read Engineering Most Recent Related Newswires:

ABB and IBM Partner in Industrial Artificial Intelligence Solutions
ABB Selected for A €270 Million Order for UK-France Power Link
ABB Wins Breakthrough Transformer Order to Support Sustainable Mobility in Austria
ABB Launches Industry-leading Digital Solutions Offering - ABB Ability™
ABB Completes Divestment of Cable Business to NKT
ABB Invests in Enbala Power Networks to Co-develop Cutting-edge Grid Software
Mentor Graphics Announces Veloce Strato Platform Scales Up to 15BG
ABB Wins $70 Million in Equipment Orders to Expand European Rail Fleets
ABB Strengthens Digital Offering by Acquiring Leading Pioneer in 3D Inspection Technology
Rockwell Automation Outlines Best Practices for Industrial Security
TSMC Collaborates with Mentor Graphics, Enabling Design and Verification Tools for New InFO Technology Variants
Rockwell Automation Scales Serialization Solution for Pharmaceutical and Medical Device Manufacturers
Mentor Graphics Pakistan Earns IT Award from Pakistan Software Export Board
Mentor Graphics Joins GLOBALFOUNDRIES FDXcelerator Partner Program
AEgis Awarded $40M Five - Year AFRL Directed Energy SatAC Contract Award

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)