Rockwell Automation to Sell Power Transmission, Industrial Motors Businesses
Rockwell Automation, Inc., Milwaukee, WI, plans to sell the company's Dodge mechanical and Reliance Electric motors and motor repair services businesses. These are producers of mechanical power transmission products and industrial motors, and are the principal businesses of the company's Power Systems reporting segment.
Rockwell Automation will retain the Reliance Electric and Reliance branded drives and related parts and services as an integral part of its global drives and customer service businesses.
The Dodge and Reliance Electric businesses, headquartered in Greenville, SC, contribute substantially all of the revenue generated by Power Systems. For fiscal year 2006, this segment is forecasted to generate about $1 billion in revenue and segment operating ...