Rexnord Corporation to Acquire Centa Power Transmission
Rexnord Corporation (RXN)
Last rexnord corporation earnings: 1/28 04:20 pm
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Source: Business Wire
Expands into Adjacent Flexible Couplings Category;Adds Approximately $100 Million of Revenue MILWAUKEE--(BUSINESS WIRE)-- Rexnord Corporation (NYSE: RXN) announced today that it has entered into a definitive agreement to acquire Centa Power Transmission (Centa Antriebe Kirschey GmbH), a leading manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications. Subject to customary closing conditions, the transaction is expected to close by the end of February. “Centa is a business that we have long thought would be an outstanding fit with Rexnord and we are very excited to come to an agreement to make that a reality,” said Todd Adams, President and Chief Executive Officer of Rexnord. “We expect to drive considerable revenue and cost synergies as the business is integrated into Rexnord and believe the complementary product portfolio
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