Haan, 09.01.2018 ľ We hereby announce that Rexnord Corporation (NYSE: RXN) has entered into a definitive agreement to acquire CENTA Group (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 will be an outstanding fit with Rexnord. Both Todd Adams, President and Chief Executive Officer of Rexnord Corp., and Harald and Bernd Kirschey, Managing Directors of CENTA, expect that the complementary product portfolios open up multiple growth opportunities.
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. Additional information about Rexnord can be found at www.rexnordcorp.com.
About CENTA Antriebe Kirschey GmbH
Headquartered in Haan, Germany, CENTA has been engaging in solving complex drive train and torsional vibration challenges since 1970. CENTA designs, manufactures and markets highly-engineered flexible couplings and shaft lines for industrial and marine applications, for power generation and rail applications. CENTA couplings are primarily used for diesel-driven applications where the couplings dampen the torsional vibrations of the engine. Further information on CENTA is available at www.centa.info.