Feb. 27, 2013: Regal Beloit Acquires RAM Motor Business from Schneider Electric
BELOIT, Wis. — Regal Beloit Corp. announced that it has completed the acquisition of the RAM motor business previously owned by Schneider Electric. This business manufactures hermetic motors from 250 hp to 2,500 hp for commercial HVAC applications.
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.