Reliance and Dodge businesses come to Baldor
A
Baldor product story
Edited by the Engineeringtalk editorial team
Nov 10, 2006
Baldor Electric Company has signed a definitive agreement to acquire the Reliance Electric Company and certain of its affiliated companies of Rockwell Automation.
Baldor Electric Company has signed a definitive agreement to acquire the Reliance Electric Company and certain of its affiliated companies (the Power Systems Business) of Rockwell Automation.
Baldor will purchase 100% of the equity interest in the Power Systems Business for US $1.8 billion, comprising $1.75 billion in cash and approximately 1.6 million shares of Baldor common stock, with a market value of $50 million, based on Baldor's volume weighted average stock price over the prior ten trading days.
The transaction is expected to be completed in the first quarter of 2007 and is subject to customary closing conditions and necessary regulatory approvals.
The combined company will be one of the leading North American manufacturers of industrial electric motors and power transmission products.
The Power Systems Business, which markets its products under the Reliance Electric and Dodge brand names, complements Baldor's business in industrial electric motors, drives and generators.
"The Reliance and Dodge businesses are a great fit with our existing businesses", said John McFarland, Chairman and Chief Executive Officer of Baldor.
"The Power Systems business will complement and add strength to Baldor's product line".
"The Power Systems business, like Baldor, provides the best industrial products available in the marketplace and sells them to value-minded customers".
"Dodge products have been available for over 125 years, Reliance motors for over 100 years and Baldor motors for over 85 years".
"These companies have a long history of customer preference and good profitability".
"Baldor, Dodge and Reliance have strong reputations in the industrial marketplace".
"This is a unique opportunity to build a stronger company for our customers, our employees and our shareholders".
Keith D Nosbusch, Chairman and Chief Executive Officer of Rockwell Automation said: "Baldor is a great company with an outstanding management team".
"I believe there is a compelling cultural and strategic fit between Baldor and our Reliance and Dodge businesses".
"Both organisations have similar operating philosophies and are committed to treating employees with respect, delivering high quality products and providing exceptional service to our customers".
"Power Systems will benefit significantly from ownership that is dedicated to investing on a global basis to create a leading motors and power transmission business".
Not what you're looking for? Search the site.
Contact Baldor
Tel +44 1454 850000
Other Baldor stories
-
Baldor releases energy-savings estimation software
Baldor has released a software estimating tool that enables users to evaluate the energy efficiency of electric motors and variable-speed drives. -
Direct-drive solution controls cooling tower fans
Baldor has launched direct-drive technology for controlling commercial building cooling tower fans that improves reliability by eliminating moving parts while also saving energy and running quieter. -
Baldor develops IE3-rated motors
The IE3 minimum efficiency standard for electric motors that will become part of Europe's mandatory requirements starting in 2015 is already available in Baldor's range. -
Servo drives provide high control flexibility
TCP/IP-compatible servo drives from Baldor Electric have simplified the construction of an automotive component tester from Dynamic Testing and Equipment (DTE). -
EISA-compliant motors now available in Europe
Baldor has announced European the availability of NEMA three-phase motors that meet the energy efficiency demands required by the US's forthcoming Energy Independence and Security Act (EISA).
Browse by category
-
Capital Equipment (3,533)
- Capital Equipment (1)
- Compressors and Air Treatment (546)
- Electrical hardware (131)
- Electronics Manufacturing, Tools, Instruments (192)
- Machinery and Production Equipment (1,133)
- Manufacturing Machinery and Plant Equipment (478)
- Production line blowers and fans (74)
- Robotics, Handling and Storage (978)
- Consultancy and Services (927)
-
Control and Instrumentation (5,142)
- Cabling, Conduit, Signal Conditioning (818)
- CNC and Motion Controllers (190)
- Control and Instrumentation (3)
- HMIs/Operator Interfaces (297)
- Logic Controllers, Timers and Relays (96)
- Mid-range and Large PLCs (204)
- Plant- and Machine-Wide Communications (1,210)
- Plantwide control (1,354)
- Power Supplies, Uninterruptible Power (577)
- Smaller-Sized PLCs (393)
-
Drives, Motors and Controls (3,450)
- Drives, Motors and Controls (2)
- Industrial Drives/Controls (1,293)
- Industrial Motors (502)
- Linear Drives and Motors (121)
- Precision Motors and Gears (434)
- Stepper and Servo Drives, Motors, Controls (1,096)
-
Electrical and Electronic Equipment Design (4,327)
- Batteries, chargers and circuit protection (588)
- Connectors, Terminals, Busbars, Slip Rings (724)
- Electrical and Electronic Components (652)
- Electrical and Electronic Equipment Design (4)
- Electrical and Electronic Subassemblies (377)
- Enclosures and Equipment Cooling Fans (722)
- Knobs, Handles and Enclosure Hardware (430)
- PCs and Embedded Systems (830)
-
Engineering Design Software (6,388)
- 2D CAD software (203)
- 3D CAD software (1,199)
- CAM, CNC, production management software (583)
- Data, document management software (324)
- Electrical design software (168)
- Engineering Design Software (17)
- FEA and structural analysis software (377)
- File conversion software, data capture (358)
- Fluid, thermal, noise, vibration software (340)
- Materials design and moulding design software (153)
- Maths, charting, statistics, QA software (325)
- PLM and collaboration software (665)
- Process, instrumentation, automation software (269)
- Publishing and documentation software (234)
- Rendering, visualisation, styling software (208)
- Simulation, modelling, validation software (965)
-
Engineering Industry News, Resources (6,199)
- Electronic Resources for Engineers (273)
- Engineering Business News, Views (388)
- Engineering Conferences (438)
- Engineering Education, Resources, Standards (851)
- Engineering Exhibitions, Events (578)
- Engineering Guides, Newsletters (354)
- Engineering Industry Developments, Awards (635)
- Engineering Industry News, Resources (4)
- Engineering Industry Reports, Surveys (597)
- Engineering Recruitment, Employment (219)
- Engineering Seminars (421)
- Engineering Training Courses (458)
- Health and Safety Consultancy, Software (180)
- Health and Safety Events, Training, News (285)
- Health and Safety Legislation (403)
- Health and Safety Strategy, Risk Assessment (115)
- Machine Building (4,633)
-
Materials and Processing (3,041)
- Materials and components (2,272)
- Materials and Processing (5)
- Materials processing and testing (292)
- Rapid Prototyping (472)
-
Monitoring, Measurement and Quality (5,681)
- Data Acquisition Hardware and PC I/O Boards (491)
- Data acquisition Software and Communications (505)
- Data loggers (428)
- Electrical and Electronic Testing, PAT Equipment (645)
- Form/co-ordinate, optical, vision instruments (766)
- Gauges, Indicators and Instruments (449)
- Materials testing equipment (439)
- Monitoring, Measurement and Quality (1)
- Telecomms/network test equipment, software etc (159)
- Testing and Calibration Services and Information (522)
- Testing, analysing and monitoring equipment (1,276)
-
Powertrain Design (3,723)
- Bearings (986)
- Chains and belts (334)
- Gears, brakes, couplings and engines (1,482)
- Hydraulic Components (475)
- Lubricants (441)
- Powertrain Design (4)
-
Sensors (7,319)
- Accelerometers and Vibration Sensors (450)
- Barcode Sensors (103)
- Flowmeters and Flow Sensors (650)
- Gas, Chemical, Radiation, Magnetic Sensors (294)
- Humidity and Environmental Sensors (158)
- Level Sensors and Leak Detectors (539)
- Linear Position Sensors (417)
- Loadcells, Force Sensors, Torque Sensors (732)
- Pressure sensors (643)
- Proximity Sensors (715)
- Rotary Position, Tilt and Angular Sensors (565)
- Sensors (12)
- Temperature sensors (624)
- Vision and Colour Sensors (1,417)
- Small Mechanical Components, Joining, Tools (2,057)
- Valves, Pumps, Process Hardware (3,732)
