Posted September 2, 2010
Regal Beloit acquires Dutch motor maker
Regal Beloit Corporation has acquired Rotor B.V. headquartered in Eibergen, the Netherlands.
Rotor sells standard and special electric motors to a variety of industries including the marine industry, ship building and offshore oil and gas. In addition to the Netherlands, Rotor also sells throughout Europe, the UK and Japan. The management of Rotor will continue to lead the company following the acquisition.
Sales for Rotor in 2011 are expected to be approximately $27 to $30 million.
"The addition of Rotor strengthens our European commercial position and adds vertical market segment strengths. The Rotor addition represents continued progress on our strategy of geographic and market segment diversification," said Henry W. Knueppel, Regal Beloit chairman and CEO.
Herbert Weekhout and Mario Pistone, managing directors and owners of Rotor said, "We are excited to join Regal Beloit and are confident that, following this acquisition, we will become an even stronger company, benefiting our customers and stakeholders."
