In a move that would extend its line of power transmission products and larger motors, Baldor Electric Co. Fort Smith, Ark., said it has agreed to acquire the power systems business of Rockwell Automation Inc. for $1.8 billion, mostly in cash.
Baldor said it will pay $1.75 billion in cash and about $50 million in stock for the unit, which sells its products under the Reliance Electric and Dodge brand names.
Baldor manufactures motors, drives and generators. The company, with 3
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