Rexnord Corporation to acquire Centa Power Transmission
Tuesday, Jan 09, 2018
Rexnord Corporation (NYSE: RXN) announced today that it has entered into a definitive agreement to acquire Centa Power Transmission (Centa Antriebe Kirschey GmbH), a leading manufacturer of premium flexible couplings and drive shafts for industrial, marine, rail and power generation applications. Subject to customary closing conditions, 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.”

“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.

About Rexnord

Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 8,000 employees worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation.

About Centa Power Transmission (Centa Antriebe Kirschey GmbH)

Headquartered in Haan, Germany, Centa has been engaging in solving complex drive train and torsional vibration challenges since 1970. Centa is a producer of highly-engineered flexible couplings and shaft lines for industrial and marine applications, for power generation and rail applications. Centa’s couplings are primarily used for diesel-driven applications where the couplings dampen the torsional vibrations of the engine.

For more information, please visit: http://www.centa.info

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