Rexnord to acquire Centa Power Transmission
Rexnord Corporation has agreed to acquire Centa Power Transmission, a manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications.
The transaction is expected to close by the end of February.
“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 chief executive officer 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.”
Centa is headquartered in Haan, Germany.
“With the mission-critical nature of the applications in which most of Centa’s products are used, we believe there is a substantial opportunity to bring our DiRXN digital productivity platform and connected products capabilities to create even more value for Centa’s long-standing and impressive customer relationships,” said Kevin Zaba, group executive and president Rexnord Process & Motion Control platform.
INDUSTRIAL SUPPLY MAGAZINE
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