Euroflex serves global original equipment manufacturers (OEMs) from its base in Hyderabad, India, and has annual revenues of approximately $16 million (USD). Closing is anticipated in November.
“Rexnord is excited to add Euroflex products to our expanding portfolio of power transmission technologies,” said Kevin Zaba, president, Rexnord Power Transmission. “Euroflex expands our product offering into higher-speed, turbine-driven applications and accelerates our opportunities in the global power generation and energy markets.”
Euroflex supports Rexnord strategies to accelerate growth by adding complementary products to its commercial presence and expanding its global reach.
“Combining the applications expertise of Rexnord and Euroflex creates additional value for customers and enables expanded access into current and adjacent markets,” said Sudhanshu Chhabra, Rexnord president & regional executive, India & Middle East. “While expanding Rexnord’s presence in an important developing economy, Euroflex also adds important lower cost manufacturing capabilities.”
Rexnord