Rockwell Automation Signs Agreement to Sell Mechanical and Motor Business to Baldor Electric Company
MILWAUKEE--(BUSINESS WIRE)--Nov. 7, 2006--Rockwell Automation, Inc. (NYSE:ROK) today announced that it has signed a definitive agreement to sell the company's Dodge(R) mechanical and Reliance Electric(TM) motors and motor repair services businesses to Baldor Electric Company (NYSE:BEZ). For further details, please consult Baldor's press release of November 7, 2006, available at www.baldor.com.
Rockwell Automation, Inc. (NYSE: ROK), is a leading global provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley(R) controls and services, Dodge(R) mechanical power transmission products, Reliance(R) motors and drives, and Rockwell Software(R) factory management software. Headquartered in Milwaukee, Wisc., the company employs about 23,000 people serving customers in more than 80 countries.
CONTACT: Rockwell Automation
Media Relations
John Bernaden, 414-382-2555
