Regal-Beloit Expands Power Transmission Brands with Deal for Emerson PTS Unit

"While the Power Transmission Solutions business no longer aligns with the strategic direction of our portfolio, it is a strong business with an outstanding management team that has created significant value while part of Emerson.” - David Farr, chairman and CEO, Emerson

Emerson Electric, St. Louis, agreed to sell its Power Transmission Solutions (PTS) business unit to Regal Beloit Corp., Beloit, Wis., giving Regal Beloit, long known for motors, drives, generators, controllers and pumps, a major platform for expansion.

The transaction is valued at $1.44 billion, $1.4 billion in cash plus assumption of certain post-retirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals.

“Thi

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