Rexnord Corporation is Milwaukee, Wisconsin-based company comprised of a Process & Motion Control and Water Management platform. The company has approximately 8,000 employees worldwide. It has just announced that it will acquire Centa Power Transmission (Centa Antriebe Kirschey GmbH), a manufacturer of flexible couplings and drive shafts for industrial, marine, rail and power generation applications. Upon an agreement to customary closing conditions, the acquisition 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.”
“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.