Generator powerhouse Generac Holdings Inc., Waukesha, Wis., said it signed a purchase agreement with Baldor Electric Co., a wholly-owned subsidiary of ABB Group, to acquire substantially all of the assets of Baldor’s generator products division, located in Oshkosh, Wis. The acquisition is expected to close in the fourth quarter of 2013, pending standard closing conditions. Generac declined to disclose terms.
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.