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Rexnord Corp. (NYSE: RXN), Milwaukee, WI, has agreed to acquire Centa Power Transmission, Haan, Germany, a manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications. Terms of the transaction were not disclosed.
“Centa is a business that we have long thought would be an outstanding fit with Rexnord and we are very excited to come to an agreement to make that a reality,” said Todd Adams, president and CEO of Rexnord. “We expect to drive considerable revenue and cost synergies as the business is integrated into Rexnord and believe the complementary product portfolio opens up multiple growth opportunities for us.”