We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Policy.
  • TOPICS
    • Design
    • Manufacturing
    • Applications
    • Components
    • Industry
    • MRO
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
  • VIDEO
    • Power Transmission Engineering TV
    • Webinars
  • BLOGS
    • Revolutions
    • Editors Choice
    • Motor Matters with George Holling
    • Bearings with Norm
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • Advertising
    • Brand Awareness
      • Print: Display Advertising
      • Print: Engineering Showcase
      • Online: Web Banners & Keyword Banners
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Email: Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • E-Mail: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
      • Online: Sponsored Content (Native Advertising)
    • Print
      • Print: Display Advertising
      • Print: Engineering Showcase
      • Print: MPT Expo Showstoppers (October 2023)
      • Print: Buyers Guide
      • Print: Engineering sMart
      • Print: Specifications
      • MPT Expo Show Guide Advertising
    • Online
      • Online: Web Banners and Keyword Banners
      • Online: Buyers Guide
      • Online: Sponsored Content (Native Advertising)
      • Online: Specifications
    • E-Mail
      • E-mail: Newsletters
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Sponsored Content (Native Advertising)
      • E-mail: Specifications
    • Special Promotions
      • Print: Engineering Showcase
      • Print: Showstoppers (MPT Expo)
      • Print: Buyers Guide
      • Print: Engineering sMart
      • MPT Expo Show Guide Advertising
  • Contact Us
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
      • Gear Technology
      • Gear Technology India
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » RBC Bearings Set to Purchase ABB Dodge

RBC Bearings Set to Purchase ABB Dodge

August 9, 2021
RBC Bearings Incorporated has announced that it has entered into a definitive agreement to acquire the Dodge mechanical power transmission division of ABB for $2.9 billion in cash. 

With headquarters in Greenville, South Carolina, Dodge is a leading manufacturer of mounted bearings and mechanical products with market-leading brand recognition. Dodge manufactures a complete line of mounted bearings, enclosed gearing and power transmission components across a diverse set of industrial end markets. Dodge primarily operates across the construction and mining aftermarket, food & beverage, warehousing and general machinery verticals, with sales predominately in the Americas. DODGE generated revenue of approximately $617 million and adjusted EBITDA of approximately $174 million, representing an adjusted EBITDA margin of 28%, for the 12 months ended June 30, 2021.

RBC Bearings Chairman, President and Chief Executive Officer, Dr. Michael J. Hartnett, said, “We are very pleased to announce the execution of an agreement between ABB and RBC Bearings to acquire Dodge. The combination will enhance RBC Bearings’ capabilities, footprint, and customer base while increasing our access to Dodge’s attractive end markets. Our businesses are highly complementary, with Dodge bringing new offerings, new end markets, and more scale to the combined organization. The combined company will have an attractive position in the aerospace, defense and industrial markets with a diversified client base and expansive geographic footprint. We look forward to welcoming Dodge’s talented team to RBC Bearings.”

“We are delighted that Dodge has found an excellent new home with RBC Bearings, where it can continue its exciting growth story,” said ABB CEO Björn Rosengren. “This transaction further strengthens ABB’s balance sheet. In line with our capital allocation priorities, we plan to first use the proceeds from the transaction to fund organic growth, pay a rising sustainable dividend per share and make value-creating acquisitions.”
Industry News
  • Related Articles

    Baldor Completes Purchase of Dodge and Reliance

    RBC Bearings Buys U.S. Bearing

    RBC Bearings Consolidates Offices

Free Power Transmission Engineering Subscriptions
Subscribe
Free Power Transmission Engineering Subscriptions
Subscribe
FEATURED VIDEO
  • Sugar Refinery Dryer Fan with NSK Europe
March 1, 2023
RECOMMENDED
  • Next-Generation Lubricants for Marine Applications

    September 28, 2023
    pt1023_Page_18_Image_0001.jpg
  • Efficiency, Engineering & Espionage

    September 7, 2023
    Ferris1.jpg
  • Power Up Your Participation

    September 8, 2023
    Detroit Skyline1.jpg
  • Digital Transformation Drives the Future of Packaging

    September 28, 2023
    Emerson1.jpg
  • Repowering the Future: Data-Driven Wind Farms

    September 28, 2023
    ONYX Insight.jpg
  • Digital Transformation Drives the Future of Packaging

    September 28, 2023
    Emerson1.jpg
  • Repowering the Future: Data-Driven Wind Farms

    September 28, 2023
    ONYX Insight.jpg
  • Next-Generation Lubricants for Marine Applications

    September 28, 2023
    pt1023_Page_18_Image_0001.jpg
  • Subscribe
  • Advertise
  • Contribute
  • Gear Technology
Powered byAGMA
Copyright © 2023 Power Transmission Engineering
  • Privacy Policy
  • Contact