RBC’s Acquisition of Dodge
RBC Bearings Incorporated, a leading international manufacturer of precision bearings and components for various industries, has indeed acquired the DODGE mechanical power transmission division from ABB Asea Brown Boveri Ltd. The acquisition was completed for approximately $2.9 billion in cash, subject to post-closing working capital adjustments.
The acquisition of DODGE by RBC Bearings is expected to enhance the company’s capabilities, footprint, and customer base, while increasing its access to DODGE’s attractive end markets. This move is part of RBC Bearings’ strategy to expand its offerings and scale by integrating DODGE’s products and market presence into its operations.
The acquisition is also expected to generate annual pre-tax run-rate savings of about $70 million to $100 million by fiscal year 2026, and it is projected to immediately add to cash earnings per share by around 40% to 60% in the first full fiscal year after the close of the acquisition.
This acquisition is significant for both RBC Bearings and DODGE, as it brings together two leading manufacturers and establishes an impressive position across several key markets, including aerospace, defense, and industrial.
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What is the sister company of Dodge?
Stellantis North America sells vehicles worldwide under the Chrysler, Dodge, Jeep, and Ram nameplates.
Who makes OEM parts for Dodge?
FIAT Chrysler Automobiles
Mopar, which is shorthand for motor parts, is a division of FIAT Chrysler Automobiles that designs and manufactures auto parts that are identical to those used on the assembly line for all FCA vehicles, including Chrysler, Dodge, Jeep, Ram, and FIAT.
What company did Dodge merge with?
Also in 1928, Chrysler bought the Dodge Brothers automobile and truck company and continued the successful Dodge line of automobiles and Fargo range of trucks.
Does GM still own Dodge?
While both Dodge and RAM are currently owned by Stellantis (formerly known as FCA group), they are their own unique automotive brands, not unlike how GMC and Chevy are their own unique brands under the General Motors umbrella. Read on or contact us to learn more.
Who owns RBC bearings?
The Vanguard Group, Inc.
When did ABB buy Dodge?
ABB’s CEO Björn Rosengren announced last November that the company was planning to sell Dodge, which it acquired in 2011 when it bought Baldor Electric for $4.2bn, as well as planning to dispose of its Turbocharging and Power Conversion divisions.
Who owns Dodge?
StellantisDodge / Parent organization
While both Dodge and RAM are currently owned by Stellantis (formerly known as FCA group), they are their own unique automotive brands, not unlike how GMC and Chevy are their own unique brands under the General Motors umbrella.
Who was Dodge owned by?
The Dodge brand endured multiple ownership changes at Chrysler from 1998 to 2009, including its merger with Daimler-Benz AG from 1998 to 2007, its subsequent sale to Cerberus Capital Management, its 2009 bailout by the United States government, and its subsequent Chapter 11 bankruptcy and acquisition by Fiat.
Who bought Dodge Power transmission?
ABB has completed the divestment of its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash.
Who manufactures Dodge bearings?
Dodge Industrial – RBC Bearings Incorporated.
