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ABB Ltd Sells Assets of Baldor’s Generator-Set Business to Generac Holdings Inc.

Tuesday, 8 Oct 2013 02:01am EDT 

ABB Ltd announced that the Company has signed an agreement to sell all assets of Baldor’s generator-set business to Generac Holdings Inc. Generac is a producer of generators and other engine-powered products, headquartered in Waukesha, in the state of Wisconsin in the United States. The sale is expected to close in the fourth quarter of 2013. The terms of the transaction were not disclosed. ABB is divesting the generator-set business because of limited synergies with ABB’s core portfolio and because Generac is in a better position to create additional value from the business. 

Company Quote

26 Feb 2015