Feb. 27, 2013: Regal Beloit Acquires RAM Motor Business from Schneider Electric
For fiscal 2013, the Ram acquisition is expected to deliver up to $20 million of net revenue with earnings offset by purchase accounting adjustment costs. In 2014, the business is expected to contribute approximately $0.03 of diluted earnings per share. The results will be included in the Electrical segment.
“The RAM business will strengthen our commercial hermetic motor business with complementary products,” said Mark Gliebe, chairman and CEO. “Additionally, RAM has the facilities and capabilities to test and modify larger commercial hermetic motors which will allow us to improve our service and responsiveness to our North American hermetic motor customers. We welcome the RAM employees and we are excited to have them join the Regal team.”
Regal Beloit is a leading manufacturer of electric motors, mechanical and electrical motion controls, and power generation products serving markets throughout the world. The company is headquartered in Beloit, Wis., and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe, and Asia.
For more information, visit www.regal-beloit.com.
Publication date: 2/25/2013