Rockwell Automation To Sell Reliance

Rockwell Automation Inc., Milwaukee, plans to sell the majority of its power systems segment, including its Reliance Electric motors and motor repair services, to boost shareholder value.

The company also plans to sell its Dodge mechanical motors businesses. Both businesses are headquartered in Greenville, S.C., and both businesses contribute substantially all of the revenue generated by Power Systems, the company said. Rockwell said the businesses are expected to generate $1 billion

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