ABB today announced it has signed a definitive agreement to divest its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated, for $2.9 billion in cash. The transaction will create a leading manufacturer of highly engineered, performance-critical bearings and motion control components. The transaction is expected to be completed by the end of the year 2021, subject to customary closing conditions, including regulatory review. For more than 140 years, the Dodge b Read more...
BOSTON, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Alpine Bearing, New England’s largest ball bearing distributor, has entered an agreement as a U.S.-based channel partner for NTN for High Precision Read more...
Dublin, Dec. 07, 2020 (GLOBE NEWSWIRE) -- The Read more...