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
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.