Regal Beloit buys Alstom’s India business

Industrial Distribution staff -- Industrial Distribution, 11/5/2007 7:04:00 AM

Regal Beloit Corp. acquired the India-based motors and fans business of Alstom. Terms of the all-cash deal were not disclosed.

The Kolkata, India-based business manufactures low and medium voltage industrial motors and fans for the industrial and process markets in India. It will be integrated into the Beloit, Wis.-based motion control and power generation products manufacturer’s electrical segment.

Regal Beloit said it expects the business to add roughly $10 million to its fourth-quarter sales and about $80 million in revenues during fiscal 2008.

"The acquisition of the Alstom India industrial motor and fan business is another significant step in the execution of our globalization initiative. We intend to continue to improve our global commercial presence to better serve our customers and participate in high growth geographies. As well, we intend to maximize the capabilities of our manufacturing footprint to benefit all RBC businesses,” chairman and CEO Henry W. Knueppel said.

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