BELOIT, Wis., April 10, 2018 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced the closing of the acquisition of Nicotra Gebhardt S.p.A. effective April 10, 2018. Information regarding the transaction and the financial impact on 2018 guidance will be provided on Regal's upcoming first quarter earnings conference call.
Nicotra Gebhardt S.p.A. is a leader in critical, energy-efficient systems for ventilation and air quality. The business manufactures, sells and services fans and blowers under the brand of Nicotra Gebhardt. The business of Industrie CBI S.p.A. was not included in the scope of this transaction.
About the Company
Regal Beloit Corporation (NYSE: RBC) is a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. The company is comprised of three business segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. For more information, visit RegalBeloit.com.
Robert Cherry, VP - Business Development & Investor Relations, 608-361-7530, email@example.com